Chart Of The Day – Biocon Pays No Heed to Market Sell-Off

Biocon gained 3.1% on above-average volume in today’s session. The stock closed 2.8% below its all-time high of Rs 696.60. It had been trading sideways in a cup-with-handle base pattern for the past 14 weeks and managed to close above its pivot price of Rs 675.50.

Biocon_MarketSmithIndia