Missed Biocon Rally? Here’s How Gann Levels Predicted It!
May 15, 2026
See the detailed research below on BIOCON
Instead of predicting tops or bottoms, the Square of 9 highlights:
- Zones where selling pressure may intensify
- Levels where buyers hesitate to step in
- Areas where price often pauses before continuing
This makes it more useful as a decision-making framework rather than a forecasting tool.
BIOCON Daily chart
What Makes Gann Square of 9 Relevant in Live Markets?
The Gann Square of 9 is one of the most widely used tools from W.D. Gann’s work. It is often referred to as part of the “sacred science” of markets, as it helps identify:
- Key price levels of reversal
- Strong support and resistance zones
- Areas where trend acceleration or deceleration is likely
Analysis on BIOCON
- Post taking support of the 361 Gann level prices showed a strong move on the upside nearly 20% since then.
- It can be observed that the 361 level has acted as a magnet to the prices projected with prices consolidating near the same level for quite a sometime.
- Prices have broken above the 401 level and is now heading higher towards the next Gann level of 441.
We had earlier highlighted this stock in our Vayu report dated 13th April 2026, where we projected a target of 431 — achieved with precision. The stock moved exactly as anticipated and continued to deliver strong gains thereafter, rallying nearly 8% within just two trading sessions.
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In a nutshell, overall trend BIOCON is on the side of the bulls with price action, pattern and momentum indicators supporting the bullish view. For now, dips can be used as an opportunity to ride the ongoing trend towards next Gann resistance of 441 level with 401 acting as the strong support level.
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