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Old 13th September 2004, 11:05 PM
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Wink Hello

What is the future of Biocon? is there anything wrong with this company? I have purchased it at Rs.470/- . Let us know me the company's future position in the pharma sector as well as international market.

Hope that everybody of this forum may be benefited after received the answer from the traderji.

Thanks & a very very healthy regards.

gksjam
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Old 14th September 2004, 10:42 AM
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Default Re: Hello

Hello gksjam,

Welcome to Traderji.com

Quote:
Originally Posted by gksjam
What is the future of Biocon? is there anything wrong with this company? I have purchased it at Rs.470/- . Let us know me the company's future position in the pharma sector as well as international market.

Hope that everybody of this forum may be benefited after received the answer from the traderji.

Thanks & a very very healthy regards.

gksjam
I can post a reply to this stock as to its technical position. Maybe someone else would be kind enough to post a fundamental outlook here.

Technical View:

Currently the stock is in a sideways consolidation. It has been trading in a narrow band between 550.00 and 500.00

We could see an uptrend commencing only on a close above 550.00. Meanwhile keep a close watch on the 500.00 levels for signs of weakness.
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