BIOCON LTD Breakout Retracement

6 בפבר׳

This stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone.

Why retrace will happen?
Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In this way market work.