Chart Of The Day – Biocon Finds Strong Support at 50-DMA

Biocon jumped almost 7% in today’s session, driven by strong buying interest. The stock found strong support just above its 50-day line and rebounded sharply in today’s session. It closed 5.7% below its 52-week high of 657.5 and has strong technical ratings, with Accumulation/Distribution rating at A+ and Relative Strength rating at 88.

Biocon_MarketSmithIndia