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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (October 16, 2023 – October 20, 2023)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 3.73%.

Technically, Biocon share price will see immediate support at 251.08 and immediate resistance would be seen at 260.93.

If Biocon share price closes below immediate support of 251.08, then sharp breakdown can be seen. Biocon share price will see major support at 247.62 for the week.

On the positive side, immediate resistance will be seen at 260.93. Closing above 260.93, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 267.32 for the week.

Trading range for Biocon share price for this week should be between 241.23 on down side and 270.78 on up side.

Biocon Previous Week High: 263.85

Biocon Previous Week Low: 254

Biocon Previous Week Range: 9.85 Points

Biocon share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 270.78
Resistance 2 267.32
Resistance 1 260.93
Support 1 251.08
Support 2 247.62
Support 3 241.23
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