nalinakshi
Short

bio con Inside Bar.

NSE:BIOCON   BIOCON
it seems facing resistance at 654 range, break belwo 636 will take it to 626 and odd levels,
Comment:
Comment: drama volatility . It seemed it broke the high and low of mother candle but it did close below the mother candle high. I you will see big green bar. and range extended little bit. But if you would have traded you weould have made solid money . One lot is 900 . you would have pocketed 22000
Comment: yes I agree. actually it jwas prone for coming down, but the promoters of the company did play with two news simultaneously,one us fda observation and the other with syngene stake sale.
i told you Madam , its Going to Come down , and it has come , ha ha
Reply
i am more inclined that it will come down no matter what , it has to come down form 667/670 , i have seen such Emotional bias creation by Institutional , When i my self worked as Sr Manager in Institutional Fund house , then I know what exactly is going to happen , but currently US FDA news is driving , so look for reversal in 1 hour near 670 , it has closed at 649.65 after making a high of 658.10 which is almost 1.5 % range ,
Regards
Reply
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