#BIOCON is nearing at a very very crucial support zone which is tested only once on 23rd September 2019.
This stock is in continuous downfall since May 2022.
In 1st image, one can clearly see the Inverted Cup and Handle formation in a larger Time Frame or this could be the start of 2nd shoulder of Head & Shoulder pattern.
Down Trend is also clearly seen in the 2nd image.
This is market anything could happen and we must always follow price action.
I ask anyone to correct me if I'm getting something wrong.