Get started
Dinesh_C_Nagpal

BIOCON

Long
BIOCON LTD (NSE:BIOCON)  
Dinesh_C_Nagpal Updated   
NSE:BIOCON   BIOCON LTD
Chart Patterns Wave Analysis Trend Analysis abandonedbaby islandreversal ichimokukinkohyo ichimoku_trader patterntrading
17
5
chartpattern waveanalysis trendanalysis abandonedbaby islandreversal ichimokukinkohyo ichimoku_trader patterntrading
Hello and welcome to this analysis

BIOCON which has been in a downtrend for a very long time now has given a mega reversal signal via an ABANDONED BABY BOTTOM

Abandoned Baby Bottom reversal are similar to Island Reversals, where the isolated candle is formed with a gap down preceding it and a gap up succeeding it.

This could now rally till 320-340 where it meets falling trend line resistance. The structure would be considered wrong if it breaks 298
Trade closed: stop reached
Webinar recordings available
t.co/3mGWp29Xkb
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.