BIOCON LIMITED.Long
BIOCON - Trade after Breakout.
Dear Traders,
As we can see Bio-con was in Channel Pattern and after it now it was consolidating in Triangle pattern. Today it has given Good Breakout with gap. Normally, people wait for gap to fill and after that they take the trade but here, buying is so good that people are buying without Gap Filling. Also, those who has patience and waiting for gap to fill will take trade during Retest.
So, This stock is good for 1 to 2 moth holding.
CAUTION : Please check Bank nifty and Nifty Charts before Taking any trades. As if they will act bearish our stock may too.
Happy Trading Guys. And like if you like the Content.
As we can see Bio-con was in Channel Pattern and after it now it was consolidating in Triangle pattern. Today it has given Good Breakout with gap. Normally, people wait for gap to fill and after that they take the trade but here, buying is so good that people are buying without Gap Filling. Also, those who has patience and waiting for gap to fill will take trade during Retest.
So, This stock is good for 1 to 2 moth holding.
CAUTION : Please check Bank nifty and Nifty Charts before Taking any trades. As if they will act bearish our stock may too.
Happy Trading Guys. And like if you like the Content.
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