Biocon: Heading for All-Time High?

🚀 Biocon: Heading for All-Time High? 🚀

📉 CMP: ₹390
🔒 Stop Loss: ₹330
🎯 Targets: ₹428 | ₹478 | ₹560

🔍 Why Biocon Looks Promising?

✅ Weekly Rounding Bottom Breakout: Breakout triggered above ₹390
✅ Weekly Box Breakout: Confirmation above ₹398 strengthens the setup
✅ Final Confirmation: A weekly close above ₹402 will validate the breakout for a potential strong upside

💡 Strategy & Risk Management:
📈 Phased Entry: Build positions gradually post confirmation to manage risk effectively
🔒 Strict SL: Maintain stop loss at ₹330 to protect capital in case of reversal

📍 Outlook: Biocon is showing strong technical signals with an all-time high on the radar, making it a compelling positional trade setup.

📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before investing.

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