Topic Statement:
Biocon’s stock has been stuck in a broad sideways zone, oscillating between key support and resistance levels.
Key Points:
- The price has corrected and repeatedly found strong support at the 50% retracement level around 300
- It faces stiff resistance at 400, which has consistently acted as a tough barrier to further upside
- Overall, the price remains trapped in a volatile sideways zone between 200 and 400, limiting decisive directional moves
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.