Biocon : Respected Support line
Updated
Buy Biocon at 545--543 SL 537 target 558-560 or Buy above 561 with stop loss below 548 for target 585
Biocon has bounced from the trendline drawn on daily chart. Volume in last 2 days are good. MACD has turned positive but still bill signal line. Hourly chart is showing positive divergence on MACD and also crossed signal line. 560 is the resistance above which it is likely to touch 585.
Biocon has bounced from the trendline drawn on daily chart. Volume in last 2 days are good. MACD has turned positive but still bill signal line. Hourly chart is showing positive divergence on MACD and also crossed signal line. 560 is the resistance above which it is likely to touch 585.
Trade closed: stop reached
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