BIOCON LTD Breakout Retracement

2월 6일

This stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone.

Why retrace will happen?
Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In this way market work.