BIOCON |Rectangle | Consolidation Breakout | Daily

### 🏺 **Pattern Overview:**

✅ **Horizontal Rectangle / Consolidation Breakout:**

* **Range:** ₹297.80 (support) to ₹350.20 (resistance).
* **Breakout Price:** ₹350.20 confirmed (recent candle closed above it).
* **Current Price:** ₹354.45, showing a breakout and potential further upside.

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### 🎯 **Measured Move Target:**

* **Measured height of the rectangle:** \~₹51.45.
* **Target price zone:** ₹400–₹405 in the medium-term.
* **Resistance levels:** ₹400.85–₹404.70 (previous swing highs).

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### 📊 **Volume & RSI Insights:**

* **Volume:** Surge in breakout session – confirms buyers’ strength.
* **RSI:** Clear breakout of a downward-sloping RSI trendline (marked in yellow).
* **Volume MA:** Above average, which adds to breakout reliability.

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### 💡 **Key Takeaway:**

Biocon has **broken out of a consolidation range** at ₹350.20 with healthy volume and RSI confirmation. A potential **upside target is ₹400–₹405** in the coming weeks if the breakout sustains.

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