this stock is near its trendline....but no sign of bearishness... if we want to go for short wait for the price to break the trendline and retest... A strong rise is observed from 235 levels.... if price breaks the trendline look for buy @235 zone.... Don't go for short side...
Biocon share complete Wave 1 daily time frame . and price come downside wave 2 . Wave 2 internal wave a,b,c complete or 0-b trendline breakout wave 3 start volume increase wave 3 target 300
BIOCON is trading in down trend since many days. now its near to its weekly support. wait till it touch weekly support and sustain there. 245 can work as trend changer. Lets wait & watch to cool down near support and forming some positive candles. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational...
Biocon 320 Above Weekly Close Next Target 360 good for Swing Entry 320 above close
NSE:BIOCON Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
short biocon at 345 with a target of 332
"Biocon is expensive as compare to its competitors and its trading above its sector's PE ratio which is 50.65. biocon PE ratio is 64.71 which is alot higher than other pharma companies who is trading below PE ratio of 30. it will get its fair value soon. Advice : Stay short.