Biocon Trades in Volatile Range Between Strong Support and Stiff

Topic Statement:
Biocon's stock has been stuck in a broad sideways zone, oscillating between key support and resistance levels.

Key Points:
* The price has corrected and repeatedly found strong support at the 50% retracement level around 300
* It faces stiff resistance at 400, which has consistently acted as a tough barrier to further upside
* Overall, the price remains trapped in a volatile sideways zone between 200 and 400, limiting decisive directional moves