 "The stock of Biocon has been in consolidation for quite some time, maintaining the support base of 380 levels")
BUY VIP INDS | CMP: Rs 376.25 | TARGET: Rs 420-430 STOP LOSS: Rs 358
The stock has corrected well from the its peak levels of 421 and, once again, has attained the base of the trend-line support near 368 levels. We anticipate a reversal and expect an upward move in the coming days. The RSI also has shown signs of bottoming out and reversing the trend to signal a buy. With the chart looking attractive, we suggest to buy and accumulate the stock for an upside target of 420-430, keeping the stop loss near 358 levels.
BUY BIOCON |
