๐ Recent context
Current price is around โน390-โน395 (approx) on NSE.
The 52-week range is approx โน291 (low) to โน424.95 (high).
On the weekly chart one sees swings in the ~โน330-โน420 region over past months.
โ What to monitor
A clear weekly close above ~โน425 would suggest the resistance is broken and next leg up may be possible.
A weekly close below support around ~โน350-โน365 might open the path toward the ~โน300-โน320 zone.
Volume and weekly momentum (RSI/MACD) would help gauge strength of breakout or breakdown (youโll need a full charting platform to inspect this).
External catalysts: news around biotech/biosimilars, regulatory approvals, earnings etc., are relevant too given Bioconโs business.
Current price is around โน390-โน395 (approx) on NSE.
The 52-week range is approx โน291 (low) to โน424.95 (high).
On the weekly chart one sees swings in the ~โน330-โน420 region over past months.
โ What to monitor
A clear weekly close above ~โน425 would suggest the resistance is broken and next leg up may be possible.
A weekly close below support around ~โน350-โน365 might open the path toward the ~โน300-โน320 zone.
Volume and weekly momentum (RSI/MACD) would help gauge strength of breakout or breakdown (youโll need a full charting platform to inspect this).
External catalysts: news around biotech/biosimilars, regulatory approvals, earnings etc., are relevant too given Bioconโs business.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I built a Buy & Sell Signal Indicator with 85% accuracy.
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
๐ Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.