For education purpose only. BIOCON has previously broken the formation of the Cup & Handle pattern successfully. It is now retesting the recent previous high. That acts as support.
Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "315" . . If you are interested in investment, go for it with proper risk, . . Overall " biocon" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and...
After good correction there is strength seen in this counter. Double bottom is confirmed here, this means now there is change in trend and now bias is up. buy on dips will be good strategy
Biocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good...
Biocon brokeout in weekly CCI Indicator is crossing 50 zone Trade with plan
Biocom looking good for upside move and volume also gaining keep on radar
Biocon is Done Trendline Breakout and Break Long Consolidation CMP is 306 Key Resistance 310-315 About This it will Fly Target is 406 (32%) Upside
My view on this script Bullish. Ofter a Trend it's went to a consolidation phase and now ready to Boom💥
BIOCON We can go long if the previous high broken. Trade with your own risk
Biocon long term cash trade Long term trend breakout RS turning positive Strong weekly volume breakout RSI crossing 60 Breaking 52w high One can Trade with SL of 244
Biocon analyasis on 28 apr 24 fundamentally strong stock buy 25 to 30% quantity now buying range 270-280 keep stoploss 220 (on closing basis) target 300 - 330 - 380 - 420 - 450
resistance at 305 to 310 levels a good closing above 308 can take it to 340 and 370 levels and more
#Biocon cash -Positional call 24.04.2024 Looks good above 296.10 Stoploss 270 Target 330/360 (Cup and handle breakout pattern) Cmp 289.60
clerly uptrens st buy NSE:BIOCON st te buy aya hai vaise buy nahi karna kyuni ki moving avg not tenidng
Investment Logic: It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow. signed a partnership agreement with...
After taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.
Date 28th Feb 2024 MACD showing HL while Price A. Showing HH, This Indicates Sellers are Exhaust. but still can't make new Higher Low in Price Action, means buyers are in Command now.