Mitesh Thacker of miteshthacker.com told CNBC-TV18, "The trend remains on the upside and we have seen Biocon make fresh highs. In that sense, I feel the stock for trading purposes will be a slight positive. It has just hits the targets of around Rs 1010-1015 which is where it peaked out in October 2016. So, maybe I would want to see it get past Rs 1020 and then buy it for further targets of around Rs 1060-1070 on the upside."
"So, wait for the stock to get past Rs 1020, keep a stop below Rs 1000 and look for Rs 1070 as the possible target," he said.