BIOCON - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🧬 Intraday Trade Analysis – BIOCON Ltd

IntraDay Trade Rating: 4.3

BIOCON offers a robust intraday setup today, buoyed by sharp earnings momentum and strong technical indicators. With price action near its 52-week high, the momentum bias leans bullish, though caution is advised due to valuation concerns.

📊 Technical Signals

Price (₹398) trading near 52w high (₹406) ⇒ possible breakout zone.

MACD (10.5): Strongly positive ⇒ confirms upward momentum.

RSI (64.5): Near overbought, but not excessive ⇒ trend still has headroom.

Volume (56L) vs Avg (37L) ⇒ significant participation validates price action.

Price comfortably above DMA 50 (₹367) and DMA 200 (₹348) ⇒ bullish trend intact.

📈 Fundamentals at a Glance

PAT Qtr Growth: +138% ⇒ massive earnings acceleration.

EPS (₹8.44) & P/E (54.0) ⇒ expensive, yet supported by profit velocity.

PEG Ratio (5.14) ⇒ stretched valuation.

ROE (4.76%) / ROCE (6.25%) ⇒ moderate efficiency.

DII Holding ↑7.10% ⇒ strong domestic investor support.

🎯 Intraday Strategy

💼 If Entering New Trade

Buy Zone: ₹395 – ₹399 (enter on minor dip or VWAP test if bullish candle emerges)

Profit Target: ₹405 – ₹408 (just under 52w high resistance level)

Stop Loss: ₹391 (beneath support cluster and rising volume shelf)

⏳ If Already Holding

Exit if

Price fails to break ₹402–₹405 by 2:00 PM IST.

RSI pushes above 67 but MACD flattens ⇒ signals exhaustion.

Volume drops below 48L in post-lunch session ⇒ waning interest.

🕒 Suggested Exit Window: 2:15–2:45 PM IST

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