Biocon Limited is a biopharmaceutical company. The Company focuses to reduce therapy costs of chronic diseases like autoimmune, diabetes, and cancer. Through its products and research services it is enabling access to affordable healthcare for patients, partners and healthcare systems across the globe. The Company has developed and taken a range of Novel Biologics, Biosimilars, differentiated Small Molecules and affordable Recombinant Human Insulin and Analogs from Lab to Market.


Company Biocon  Ltd.
Recommendation Accumulate (Rs.472-RS.480)
CMP Rs.481.95
Stop Loss (SL) Rs.448
Target Price Rs.520-Rs.550
Time Horizon 2-4 Weeks


IntermediatLong term trend is up in this stock. The stock has continuously been making higher tops and higher bottom formation on the daily chart which is bullish in nature. Moreover, the stock has given a fresh breakout making a new lifetime high. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 472-480) With a stop loss of Rs. 448 on closing basis and respected target seems Rs 520-550. Time frame should be 2-4 weeks.


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