Buy- Above 395
Target 410 420 430
Duration- 10-15 Days
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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All the key levels are mentioned in chart with Stop-loss and Targets
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading...
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...
For positional Trade :
Currently trading in channel range & taking retracement support at fib 50% retracement
Good Risk to reward ratio
(No entry zone-417-424)
Disclaimer: I am not SEBI Registered ,This is just my own view.
This analysis is purely based on Price Action & Chart Patterns.
Image is self-explanatory with both logic & trade-strategy.
Trade can last up to a couple of days to few weeks depending on the price behaviour.
*Kindly do your own research & then enter in any trade at your own risk*
Pls comment for any query or suggestion.
BIOCON has seen a range breakout in yesterday's session and today we are also seeing follow through and sustaining above 390 levels can take stock to 413, 435 and 450 levels.
Any dip in the stock ,can be a good opportunity to enter the stock.
Note :Higher time frame are also in alignment with this trade -setup
Do not follow blindly, please do your own research.