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Biocon Limited
Recommendation: Buy
Last Close: 408.45
Initiation range: 404-407
Target: 425
Stop loss: 396
Biocon has been consolidating in a range for the last two months, after a sharp decline from its record high. The recent price action indicates that bears have lost the steam and the stock is set for a rebound. The favorable indication from the pharma index is added positive. Traders can consider fresh long positions in the mentioned zone.
The Ramco Cements Limited
Recommendation: Buy
Last Close: 985.70
Initiation range: 970-980
Target: 1,050
Stop loss: 940
The cement stocks have been showing tremendous resilience amid
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