Its already 29% up in a single day without reason we can say that it just drove up with the movement of nifty and will correct itself in next trading session.
Sell Below 149.80 target = 147.80, 146.80 401. SL = 152
Buy above 154.95 Target = 157,159, SL = 153.10
"Biocon is expensive as compare to its competitors and its trading above its sector's PE ratio which is 50.65. biocon PE ratio is 64.71 which is alot higher than other pharma companies who is trading below PE ratio of 30. it will get its fair value soon. Advice : Stay short.