BIOCON
has given a close at 519.85. Today it has broken out of range and heading
towards further higher levels. As breakouts are worth trading, one can initiate
a long position with higher levels. BIOCON is trading at all time higher
levels, so there is no sense in talking about levels as we do not have any past
data reference. Rather we can ride the rally and wait for higher levels with
trailing Stop Loss once the trade comes in our favor. But for those who love to
watch levels, they can watch 531 and 543 as short term upper targets and a
closing basis Stop Loss must be followed at 507.
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