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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Wednesday, 6 January 2016

Biocon: A Great Rally In Late 2015--But 545-555 Zone May Be Very Tough---

For Biocon, 580-600 is possible only sustaining above 555-560;
Otherwise, 508-475 may be on the card

As par analysts, further key triggers may happen only in FY:18-19

CMP: 534

Sell either below 535 or on rise around 545-555

TGT:508-495-475*-452-430* (1-3M)

TSL> 560

Note: Consecutive closing above 560 for any reason, Biocon may further rally up to 580-600 & 695 in the mid to long term.

Biocon has a great story in late 2015 and consequently it rallied almost 40% since late Aug'15. But some analysts are now concerned over its muted earnings for Insulin capacity constraint and effect of Biosimilars in the near term, despite likely higher contribution from Syngene.

To Be Cont----

Analytical Charts:







   

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