BIOCON is a BUY : Feb'12

Classic TA view on Biocon:
1. Consolidating & now moving towards Channel Breakout with rise in VOLS
2. +ve Divergence in RSI on Daily charts : price made LOWER LOWs, but RSI made HIGHER Lows
3. 4-9DEMA BULL x-over witnessed, 18DEMA also TRENDING UP
ANALYSIS - BUY BIOCON @ : CMP (279)
SL: 268
Tgts : 295 , 305
cheers