InsiderB
Short

Biocon : Waves can con us ?

NSE:BIOCON   BIOCON
This is not trade setup itself, its just an idea shared here on Biocon on potential scenario of shorts. I'm not sure about end of wave 4, as I don't have patience for sub-waves & there is no bearish reversal as of now. So either you can do subwaves & predict wave 4 end, if you don't know elliott's don't worry, just apply whatever strategy you use over Biocon & check whether that indicates bearish move ahead.

Happy Trades !
Could let me know the SL for this trade
Reply
InsiderB chandu_Trade
@chandu_Trade, Hello, this is not trade setup, its just idea posted that after wave 4 end it will reverse on bearish confirmation, as of now there is no confirmation
Reply
@InsiderB, thanks for your quick reply.
What is the bearish confirmation price. Is it @940
Reply
chandu_Trade chandu_Trade
@InsiderB , could you plz tell me what is the current trend ? Is it a up or down? I am in sell side @980
Reply
InsiderB chandu_Trade
@chandu_Trade,

If trendline breaks to downside, we will have bearish move.
Reply
@InsiderB, thanks, is the trend line is the red one i.e 998
Reply
InsiderB chandu_Trade
@chandu_Trade, both are, if the lower red one breaks good fall. else only blue breaks means it will retest lower trendline for further up
Reply
nice idea, lets see if it surfs down the wave or fly up the cave
+1 Reply
InsiderB Einstein15
@Einstein15, Thanks for sharing, yes we will wait for the best :)
Reply
i donot know about the elliot , but i feel it has retraced 100% of the move , it may chop around one or two candles and may take off. It had given good quarterly results, may be this retracement is buying opportunity?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out