nimbuz90

For now, its a Range - Biocon

Long
NSE:BIOCON   BIOCON LTD
The stock had a bull flag breakout and it has been retested lately. Now its followed by a ranging session, where two of the below entries are possible.

1 - Range low entry around 600 based on closing bull signal.
SL -585.
T1- 620
T2 - 630

2 - Breakout from the range on upside and above 621 on closing basis.
SL - 600
T1 - 635
T2 - 645

These are my personal views and purely for study purpose.
Thanks.
Comment: The stock had a downside breakdown from the range and it did not provide any bull setup to enter at the specified zones.
Hence the setup is negated for now.

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