Hello and welcome to this analysis BIOCON which has been in a downtrend for a very long time now has given a mega reversal signal via an ABANDONED BABY BOTTOM Abandoned Baby Bottom reversal are similar to Island Reversals, where the isolated candle is formed with a gap down preceding it and a gap up succeeding it. This could now rally till 320-340 where it...
Watch Biocon BIOCON - 300 is make or break it will be a buy candidate above 317 and sell candidate below 300 for tgt 270
Biocon moving in channel Possible short setup NSE:BIOCON
Short term trend analysis of BIOCON buy at 307 SL : 311 Target : 318 Risk to reward : 1 : 1.8
Few months back, We recommended biocon for long position from 315 to 400. Which is completed. Now our analysis is form shorting biocon. After 40 days of consolidation, Biocon closed below 315. If biocon retest and gave closing below 310. We can short futures for target of 300 & 280 or trail our profits with a SL of 320. Levels are clearly Marked. Follow...
this is the possible move in biocon- keep stop loss strictly
BIOCON looking weak below 319-320.It may break its important support 319-320.Looking target 310-300-290 in short term.Also keeping on radar Biocon 320 PE.
Formation of triple top pattern in biocon at top keep looking
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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...
Biocon seems bearish. It should go down from the resistance level.
If you like the idea kindly like, follow and support me. NSE:BIOCON has formed 2 beautiful chart patterns i.e. Ascending Triangle and Cup & Handle Pattern. It is trying to go for a breakout but the real rally may begin above 353. It is having a support zone of 325-330. Ideally, the target of Cup & Handle Pattern is the height of the Cup and stoploss is the...
biocon trying to shift its momentum, keep an eye for monday it may go bullish if the sector remains bullish
Biocon formed a double bottom pattern and is ready to move upwards. One can either wait for re-test r can also enter with 325 levels as STOPLOSS. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze...
Opportunity to invest in Biocon Stocks 200 SMA act as a resistance level last year Feb 2021 to 2022 and Breakout of 200 SMA on 01.02.22 and retest on dated 24.02.22 ready for movement on the upside we can invest in this stock with minimum risk. stop-loss maintain below 200 SMA Long Term Chart Weekly and monthly are strong.