BIOCON

in Consolidation Mode

is currently trading in a sideways range, oscillating between roughly ₹340–400 without a clear breakout in either direction. The price structure shows mixed signals, with neither strong higher highs nor decisive lower lows, indicating consolidation. With ADX relatively subdued and momentum lacking conviction, the stock appears range-bound for now. A sustained move above ₹400 could tilt the bias bullish, while a break below ₹340 may invite renewed weakness. Until then, the outlook remains neutral.