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BIOCON

Biocon - At good support zoneHi Traders, As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-. But if the support zone fails to provide the support to price and broke in the downward direction then you can take the short trade ( 1 hour candle should close below the support zone) to take the trade. Based on the price movement you need to assess and take the trade. I will also update about the trade you can check in the trading view under my ID. This analysis is for short term trade and not for Intraday. Note : This is not a financial advice and trade at your own risk. Thank you. Enjoy the trading.
NSE:BIOCONLong
by Sriramulu-Bonagiri
Biocon all set for a gap fillingBIOCON 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*
NSE:BIOCONLong
by anurag0807