Biocon Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

Biocon closed the previous week on a negative note losing 6.81%

Technically, Biocon share price will see immediate support at 246.37 and immediate resistance would be seen at 264.17

If Biocon share price closes below immediate support of 246.37, then sharp breakdown can be seen. Biocon share price will see major support at 235.98 for the week.

On the positive side, immediate resistance will be seen at 264.17. Closing above 264.17, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 271.58 for the week.

Trading range for Biocon share price for this week should be between 228.57 on down side and 281.97 on up side.

Biocon Previous Week High: 261.2

Biocon Previous Week Low: 243.4

Biocon Previous Week Range: 17.8 Points

Biocon share price support and resistance for the week (July 31, 2023 – August 04, 2023)