Buy above 380 Sl own Target 420 440 500 Triangle pattern formation and breakout with good volume RSI Indicating strength Good for swing and short term trades
Biocon is placed at very critical make or break level. 374 is very strong resistance for it, In the past did try to break above this level but couldnt be able to sustain for a session or two. 374 happens to be 50% retracement level from recent swing high-low. So if biocon gives close on hourly chart either above or below 373.60, with following candles...
Have a look at Biocon chart, It has given breakout after consolidating for an year.
Downtrend but a reversal pattern is formed: Inverse Head and Shoulder. Facing resistance on the trendline. If breaks trendline and goes above 377, then see the candle pattern on 15 minute time frame and buy around 380. Target = 420 SL = 350
Buy CMP - 371 Target First - 390 Target Second - 400
A down trend channel pattern is formed and the trend reversal is around the corner. Buy above 375 after the breakout from channel pattern. Target 419.
IT has taken a support of 200 ema it also take support on trendline it has taken a support on fibonacci 0.61% level
very low risk entry weekly Candle Shunting till 456 with daily ICMC BO1 & BO2 in place. Monthly no overlap. entry at 342 with SL bellow 314
Biocon downward trend may end now. This is very low risk entry. entry at 342 for possible upmove till 456 with SL bellow 314
NSE:BIOCON looks like a bottom made in Biocon should head higher from here , looking for all time high and higher targets as price unfolds...
Buy Buy Buy. Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose
Hi Traders, As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-. ...
Reasons to trade: 1.Breakdown gap formation 2.Below 200EMA 3.ST and MT Outlook: Short Buildup 4. Weak RSI 5.Low Piotroski Score of 4 (weak financials) Zone to watch out for: 325-337 Downside Targets: 316,309,296 Don't trade above 337
Buy entry triggerd 2day.......... Can add more on dips to
Biocon made head n shoulder pattern on daily charts. positional sell with sloss above 355 & tgt of 325.
NSE:BIOCON TOOK A RETEST FROM RESISTANCE AND FORMED A NEUTRAL TRIANGLE BOTH VIEWS ARE POSSIBLE HERE SO BE AGGRESSIVE LET THE MARKET SUSTAN THEN MAKE A POSITION Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered...
Biocon Analysis: Broken Raising Wedge Pattern, expecting to retest around 430 and again come down for the target 360 and 320 let's see.
NSE:BIOCON got beaten down heavily in last couple of weeks. Now it has shown a trend reversal on daily time frame and as it broke out above previous support and current immediate resistance with good levels and got retested on lower time frame with good volume. Currently offering a good risk reward with a buy around 375 with a stop at 369 and with a target of...