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BIOCON LIMITED.

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BIOCON trade ideas

Biocon Stock Analysis Current Landscape: Market Cap: ₹46,547 Crores (Indicating a large-sized company) PE Ratio: 32.34 (Slightly lower than the industry PE of 40.38, suggesting potential undervaluation) Book Value: ₹174.85 (Represents the value of each share as per company accounts) Price to Book Value (PBV): 2.22 (Indicates that the market values the company 2.22 times its book value) Solvency Ratio Improvement: Suggests a strengthening of the company's financial stability Technical Analysis: Today's Gain: A 6.15% surge today reflects positive investor sentiment. New Resistance Level: ₹395 now acts as a key resistance level. Future Outlook: A breach of this level could propel the stock towards its all-time high of ₹488. Subsequent Targets: New targets will be determined after surpassing the ₹488 level. Conclusion: Biocon's stock currently exhibits promising signs. Improved solvency ratios, robust technical indicators, and a lower PE ratio compared to the industry average make it an attractive investment prospect. However, investors should closely monitor the breach of the ₹395 resistance level. A successful breakthrough could signal further potential for stock appreciation.
NSE:BIOCONLong
by ayushishri
BIOCON LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BIOCON
by zenthosh
BIOCON UPDATE🚀 Biocon (BIOCON) – Moving After Consolidation – Stay Confident! 🚀 Trade Update: I entered a long position on Biocon during the consolidation phase, and it’s now starting to show some movement. The price action has been quiet for a while, but we are finally seeing the breakout I was anticipating. 1. Breakout After Consolidation: The price is now moving upwards, confirming the breakout and the end of the consolidation phase. This is a classic move where price breaks out from a range, and the momentum can carry it higher. 2. Technical Indicators: Volume has been increasing, showing that this move has strength and backing. The Moving Average (MA) is also supporting the bullish trend, with the price above . 3. Current Position: Entry: I entered at 324.20 avg during the consolidation phase. Target: My first target is with a potential for further upside if momentum continues. Stop Loss: I’ve placed my stop loss at to manage risk in case of any pullback. 4. Trade Management: I’m monitoring the price action closely. If the move gains more strength, I may adjust my targets higher. For anyone who followed, ensure you’re keeping a close eye on the key levels of support and resistance to manage risk effectively. 5.Confidence in the Move: This trade was based on a strong technical setup, and I’m confident it has the potential for further upside as long as the trend continues to hold. Disclaimer: This is my personal trade and not financial advice. Please do your own research and manage your risk appropriately. #indianstocks #pharmasector #cnxpharma #swingtrading
NSE:BIOCON
by Sateesh07
BIOCON S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BIOCON
by zenthosh
Biocon | 175% returns | 7-year consolidation breakoutBIOCON Monthly time frame Breakout from 7-year consolidation Stock riding above 20-, 50- & 200-month moving averages RSI > 60, signaling bullish momentum MACD crossover done and is above the 0 line, signaling bullish momentum Weekly time frame Stock has broken out of the orange trend line resistance after retest Stock riding above 20-, 50- & 200-month moving averages Golden crossover approaching (50WMA cross 200DMA) RSI > 55, signaling bullish momentum MACD above the 0 line, signaling bullish momentum Volumes have been good since Feb 2024, implies heavy buying Daily time frame Stock has been in an uptrend (white dotted parallel channel) since Nov 2023 Stock in the process of making a higher low (Dow theory) Stock riding above 20-, 50- & 200-day moving averages RSI > 50, signalling bullish momentum MACD is about to cross the 0 line, indicating momentum build up Conclusion Entry: 350 Stop Loss: 300 Target 1: 485 Target 2: 665 Target 3: 960 Fundamentals Stock PE (27) = Industry PE (35) {Stock not overvalued compared to Industry} Stock is only 2x book value, {Not overvalued} Int Coverage = 3.52 {Ideally > 2} CF Operations / EBIT = 0.86 {Ideal value > 1} Earnings yield >= 6.19% {Ideal value > 5%} Debt to equity = 0.82 {Ideal value < 1} Promoter stake has remained consistent over the years > 50%
NSE:BIOCONLong
by shyamsrk2
3