Enter Long in BIOCON if crosses above 636 Long

BIOCON LTDNSE

Description

⋅ Nov 23, 2018 8:59 AM

Enter Long in BIOCON if crosses above 630 (Aggressive Trader)
else
Enter Long in BIOCON if moves above 636

Target 1 - 648
Target 2 - 660
Target 3 - 680+

Last Swing (Higher low) 610 acts as a Stop- loss

*RECOMMENDED FOR POSITIONAL TRADE

Comments

agilram

⋅ Nov 23, 2018 1:30 PM

AS PER MY TECHNICALS IT HAS A MORE POSSIBILITY TO COME DOWN

Akashyadav92

⋅ Nov 23, 2018 1:59 PM

@agilram, Thanks for your view, as it's a symmetrical triangle so will be placing order at breakout, let see in which direction it goes?

jamalansari

⋅ Nov 23, 2018 9:03 AM

From your chart it's forming lower highs and higher lows. What does it signify?

Akashyadav92

⋅ Nov 23, 2018 10:45 AM

@jamalansari, Symmetrical triangle, breakout may be seen but it may be in either direction up or down.

Akashyadav92

⋅ Nov 23, 2018 10:58 AM

@jamalansari, It basically shows consolidation phase, neither buyer nor seller are strong to move scrip in their respective direction. So we can assume that breakout is coming near and we may place order once the breakout is confirmed but this could be in both direction.