The upmove in the stock of Biocon seems to be gaining momentum. The strong 3.8 per cent rise on Wednesday has taken the share price well above a key resistance level of ₹348. It also signals that the consolidation that was in place since mid-February this year has come to an end. The region between ₹348 and ₹340 will now act as a strong support zone and limit the downside. Biocon share price can rise to ₹400 in the coming weeks. Traders can buy Biocon shares now at ₹354. Accumulate on dips at ₹350. Keep the stop-loss at ₹330. Trail the stop-loss up to ₹363 as soon as the stock goes up to ₹375. Move the stop-loss further up to ₹372 and ₹385 when the price touches ₹380 and ₹390 respectively. Exit the long positions at ₹400.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on June 12, 2025