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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (October 30, 2023 – November 03, 2023)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 6.60%.

Technically, Biocon share price will see immediate support at 216.00 and immediate resistance would be seen at 231.40.

If Biocon share price closes below immediate support of 216.00, then sharp breakdown can be seen. Biocon share price will see major support at 209.30 for the week.

On the positive side, immediate resistance will be seen at 231.40. Closing above 231.40, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 240.10 for the week.

Trading range for Biocon share price for this week should be between 200.60 on down side and 246.80 on up side.

Biocon Previous Week High: 233.4

Biocon Previous Week Low: 218

Biocon Previous Week Range: 15.4 Points

Biocon share price support and resistance for the week (October 30, 2023 – November 03, 2023)

Level Type Value
Resistance 3 246.80
Resistance 2 240.10
Resistance 1 231.40
Support 1 216.00
Support 2 209.30
Support 3 200.60
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