Biocon has been in a Downtrend since 2021 and may even still continue but according to the parallel channel it is trading in, it seems to have come to a good support. Also, it is al the lows of August - September 2019 which if broken could see more downfall toward 150 - 160 levels. A stop loss below 195 and target of T1 - 260 and T2 - 310 should be a good trade setup giving a 1:4 ratio.