anurag0807

Biocon all set for a gap filling

Long
NSE:BIOCON   BIOCON LTD
BIOCON is constantly testing it's resistance level of 423 since it's breakdown of 22nd Jan so any closing of 15 mins candle above 425 will be a massive breakout signal both for intraday and swing traders and it can easily go up for a gap filling. Intraday traders can easily target 1-2% above 425 level. It's a perfect trade since NIFTYPHARMA was seen bullish in last trading session.
Also, lockdown fear can be seen in market and we all know that whenever index ( NIFTY ) goes bearish , NIFTYPHARMA is the only sector that dominates the market so keep a close eye on this script and follow the rules strictly before entering in a trade.

*Only for educational purpose*