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RishitDedhia
Jul 18, 2021 6:34 AM

Biocon - Range bound Short

NSE:BIOCON30
BIOCON LTDNSE

Description

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CMP - 409

Short position -
  • T1: 405
    T2: 396
    T3: Trendline market with T3
    SL: 415.70


PS: Chart is self explanatory

Trade active

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T1 achieved

Trade closed: target reached

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Book Full
Trend AnalysisChart PatternsBIOCONPHARMAshortsetupshorttrade
Comments
StockWhizzer
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So, u say, it will be back to 380 levels & not cross 420?
RishitDedhia
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@StockWhizzer yes that's what charts are showing..
+Rsi & Volume are indicating that shorts will be made
StockWhizzer
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@RishitDedhia what r chances of breakin 360 & will it eat another couple of mths to recover?
RishitDedhia
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@StockWhizzer, Line T3 is strong support and i don't feel it will break that support.
StockWhizzer
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What's ur view on Elgi Rubber, will 42 cross?
RishitDedhia
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@StockWhizzer, 45 strong resistance
StockWhizzer
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@RishitDedhia what's ur latest view?
StockWhizzer
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@RishitDedhia holding 2000 @ 35, so, gud to exit, feel Electrosteel Casting has breakout for 48/50 target? thnnx
StockWhizzer
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@RishitDedhia 395 now, is that obvious game over for results or twist in tail?? hahaha
swagato25
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it will definately touch 422
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