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simpletradewithpatience
Oct 23, 2021 8:19 AM

BIOCON - Heavy downfall could be expected Short

BIOCON LTDNSE

Description

Negative financial results reported could drag the stock further down the ladder. As the price has already breached the levels of 326, we could see levels of 316-309-296 on the down side.
On the buying side if the stock breaches the level of 333.35 we can keep targets of 337-350-357.

More focus would be on the selling side.
Comments
manoharchoudhary142016
had entered at 370 should exit or wait
simpletradewithpatience
@manoharchoudhary142016, I would suggest you exit as the stock has taken a huge fall and it could be a even worse scenario.
StockWhizzer
Bottom will be?
simpletradewithpatience
@StockWhizzer, Dear Sir, the stock has taken support at 316 so it remains to see if the buyers can take it up. If closing happens in the range of 321-326 we may see an upmove.
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