Biocon had a breakout from 4 years loosing structure. Now Retest Done. As per my analysis a sharp rally can be noticed in coming days. Short to Mid term Targets are updated. SL will be below the breakout zone.
Details: Asset: Biocon Limited (BIOCON) Breakout Level: Above 320 Expected Target: 340 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Biocon Limited (BIOCON) is displaying a flag pattern breakout potential alongside positive results. A breakout above the 320 level could signify a bullish momentum...
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...
Biocon PE = 32 less than Industry PE PBV also less than Industry PBV PEG = 2.4 Low ROE, ROCE Good sales and profit growth in last 5 years. Last 1 year sales and profit growth are excellent - 48% sales growth, 83% profit growth Stable promoter holding
My view on this script Bullish. Ofter a Trend it's went to a consolidation phase and now ready to Boom💥
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
CMP 272 Moving with respect to parallel channel.... 280 is strong resistance BOUNCED FROM MAJOR DEMAND ZONE 190 levels... Positional Setup---- Buy ABOVE EOD CLOSING of 280 levels TARGETS 300 / 320 / 340 / 360 / 380 / 400 Buy at Support 250 / 220 / 200 Regards.. Keshav... 30/09/2023 Disclaimer. I am not a SEBI registered advisor. All views shared on this...
BIOCON We can go long if the previous high broken. Trade with your own risk
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.
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 brokeout in weekly CCI Indicator is crossing 50 zone Trade with plan
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
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...
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
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