BIOCON - Support level explanations

BIOCON - Support level explanations

1. It takes 10 months of distribution to break downwards.
2. If the stock does not close above 325 this month, then there will be more falls.
3. Next support will be at 275, 250, and 220 respectively (250 is the corona crash low).
4. If the stock close above 325 in the monthly candle then it will take the support at the primary trend and become bullish.
5. Based on the current market conditions it will likely close below our expected level.
6. Start Accumulate at 275 level.

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