Biocon looks good for swing trade. 325 will act as very Good Resistance. And pull back may be expected from their. Once 325 resistance is broken its looking good for Long term.
This is not an Investment tip. Just for educational purposes do ur own analysis and invest accordingly.
Biocon looking strong confirming double bottom pattern supported by gud volume. Only one problem in this stock is 200 MA is not supporting in weekly time frame the the stock may halt there.
my trade will be buy above 283.
SL 247
Trade with risk reward ratio . Trade will be positional
Here is a chart regarding BIOCOIN. We can see that the stock is coming out of a weekly FVG showing higher chances of going up. There are two orderblocks attached where targets can be placed. Stop loss is dependent on your risk tolerance as market conditions are very volatile. Do your own risk management and research this is not a buy sell reco NSE:BIOCON
BIOCON
Buy Above 265
For Target : 268-275-284-310
SL 233
Please consult your financial advisor before investing
All research for educational purposes only.
BIOCON WEEKLY CHART
Ellipse breakout @ 280 MOB 1 @ 355-380 MOB 2 @ 440-455
Biocon has witnessed an ellipse breakout @ 280 levels, Expected move 1-2-3-4-5 as explained.
Its only an observation & not any suggestion or recommendation.
stock has break the daily resistance and had a huge volume at the beginning of uptrend.
the real confusion is by MTA all the volume look bearish but the stock has started UT.
need to learn more regarding volume analysis
Share retesting his support which was recently Resistance trained already successfully change for upside so I can assume this year will be future higher and higher
There is decent consolidation after recent rally and BIOCON expected to go higher above 287 breakout.
The quarterly results on 8th Feb 2024 and target 320 is expected before results.
Keep Stoploss - 275
A short two minute overview of Biocon and levels to watch. Before taking any trade please do your own research. This is only an insight from us thank you
After a series of consolidation in biocon it's gives are rising wedge channel break out and we can see 362 and 400 level in coming few weeks this is not a recommendation just the view
Breakout has come after being in downtrend since Jan 2021.
Stock has moved above 50 MA on weekly chart with huge volumes.
Higher lows and support can be seen.
yes absolutely, it is good as per market structure and exact reversible. my entry 291.30 and sl at 291 and target will be 597.65. Biocon going to boom with in 6 month or one year.
