Biocon appears like completed an a-b-c Elliot wave correction. This could be the end of the correction or it could simply be the 'a' wave. In either case the follow-up after this is another impulse upwards or a correction as in a FLAT which again is upwards and may go all the way upto 540 or 570 region.
Daily Ellioet wave chart:
Daily Ellioet wave chart:
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