Moneycontrol
Jan 09, 2017 03:53 PM IST | Source: CNBC-TV18

Hold Biocon, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may continue to stay long in Biocon.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Intraday there may be profit taking in Biocon but if I look at the basic structure, it is still positive. In fact on monthly timeframe there is some kind of a pattern which is known as a running correction."

"If it holds above Rs 950 for a while, it can zoom up. I would feel that it is still up, no sign of weakness, continue long, just have a deeper stop loss somewhere below the levels of Rs 950 or so and continue long and if it breaks then get out," he said.

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