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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (August 14, 2023 – August 18, 2023)

Biocon closed the previous week on a negative note losing 9.69%.

Technically, Biocon share price will see immediate support at 245.10 and immediate resistance would be seen at 271.90.

If Biocon share price closes below immediate support of 245.10, then sharp breakdown can be seen. Biocon share price will see major support at 234.00 for the week.

On the positive side, immediate resistance will be seen at 271.90. Closing above 271.90, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 287.60 for the week.

Trading range for Biocon share price for this week should be between 218.30 on down side and 298.70 on up side.

Biocon Previous Week High: 276.5

Biocon Previous Week Low: 249.7

Biocon Previous Week Range: 26.8 Points

Biocon share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 298.70
Resistance 2 287.60
Resistance 1 271.90
Support 1 245.10
Support 2 234.00
Support 3 218.30

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