Stock name = Biocon Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
NSE:BIOCON One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Breakout with good volume, crossed resistance and trendline this week. Looks like it will soon come out of consolidation and will shoot up.
The bio pharma company is on its way towards the 320 in a wave 3 structure according to the Elliot wave. That shall be a 35% jump from the CMP. The biologics major had set out an impressive impulse wave from march 2023 - Sep. 2023 and rallied around 45% during this period. Upon the completion of the wave 1 however the company slid down in wave 2 structure(Elliot...
Biocon Ltd. CMP – 249.30 (Long Term Investment Idea) (But can be frustratingly slow moving and stagnant) Market Capitalization Rs 29,931Cr Red Flags:🟥 High Valuation (P.E. = 60.1) FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles...
can long for 380 levels in coming months disclaimer: i am not sebi registered analyst this is for educational purpose only do not take huge trades on educational chart overview
It's 4 pushes by the sellers and it's away from the moving averages. after 4 pushes any stock or item changes character, we can expect a pullback till 244. The support is also a fib 50% level plus the round number of 225. The pullback should be violent and we can enter long after we see a red engulfed by green in hourly timeframe. I have already entered long,...
Biocon on critical support Sl below 240 Target : 280 / 305 ++
Slow and Steady ....Soon we might see some action on this counter. Mostly on up side. But we never know. Cautiously Bullish
BIOCON @ 267 Upside Targets: 610-780, 950-1150, 1400-1620, 1900-2200
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...
Currently BIOCON an indian company looks strong on Revenues and product development with exports to over 120+ countries.
buy at 290-25 limited qty buy on dips sl below trendline wcb target as per chart
The value area in this script seems to be reacting well. Now on for study purposes this script will be watched for upside move.
Weekend Low Scanner Time frame - 60min Level - 12 Biocon has not broken the high of the previous candle in the 1H timeframe for last 12 candles. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle...
its subsidiary Biocon Biologics has completed the integration of the biosimilars business acquired from US-based pharma company Viatris in over 70 countries, according to a Wednesday filing. Biocon Biologics had agreed to acquire Viatris Inc's biosimilars business for $3.33 billion in February 2022. "The transitioning will allow Biocon Biologics to meaningfully...