Some of the readers of this blog have been asking for analysis of specific stocks, apart from the Nifty.Accordingly Iam posting the charts of one stock today. Some others shall follow.We will begin with an investment perspective first.Trading ideas can be discussed later.
The stock taken up for review is Biocon.As usual I shall post some charts with brief descriptions.
Here is another daily chart, from a long term view...
So as an investor, I would watch Biocon for some upticks, to offload and pick up the stock once it declines to the 420/430 range.