There was an entry to go SHORT on BIOCON Ltd.’s stock. The entry was at Rs279.55 and the initial stop for the trade was Rs.289.73. The risk of Rs10.18 per share. Profit has already been locked in at Rs.271.05. The next target for the price to reach and the exit would be at Rs257.02. If the price turns around from here and go upwards, there is a sure profit of Rs.8.50 per share. If the price continues its downwards journey and hits our exit target, there will be a profit of Rs22.53 per share.
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