Symmetric triangle and as well long run trend line formed in Biocon and its seems to break on downside with the confirmation of MACD bearish crossover on bearish trend. As I explained about the symmetric triangle on previous chart (which is pasted the chart URL below). But on this chart, price may break on down side because of the trend indicators on bearish.
Trade:
Short below - 329.25
Target 1 - 323.50
Target 2 - 318.50
Stop Loss - 334
Note - Not for Day trade, hold for 2 to 3 days on short side.
Trade:
Short below - 329.25
Target 1 - 323.50
Target 2 - 318.50
Stop Loss - 334
Note - Not for Day trade, hold for 2 to 3 days on short side.
Trade active
Trade active:
Target 1 -323.50 achieved
Trade active:
Price made almost near to Target 2 Today.
Trade closed manually:
TSL 323.50 hit so closing my chart.. hope you all enjoy the profit
