Biocon is placed at very critical make or break level. 374 is very strong resistance for it, In the past did try to break above this level but couldnt be able to sustain for a session or two.
374 happens to be 50% retracement level from recent swing high-low.
So if biocon gives close on hourly chart either above or below 373.60, with following candles confirmation sell below 373.60 or buy above 373.60.
Will update on tgts n sloss once activated.
374 happens to be 50% retracement level from recent swing high-low.
So if biocon gives close on hourly chart either above or below 373.60, with following candles confirmation sell below 373.60 or buy above 373.60.
Will update on tgts n sloss once activated.