S_u_n_i_l

BIOCON BUY ABOVE 434 with SL 427

Long
NSE:BIOCON   BIOCON LTD
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2
BIOCON BUY ABOVE 434 with SL 427
Comment: 5min candle shows clear rejection, trade not active yet, waiting for today' high to break and then enter
Comment: still in a triangle pattern, look out for opportunity tomorrow
Comment: SL at 427
Trade closed: stop reached

Comments

Biocon down??? Is it out or will it bounce back next week... if yes, what is your tgt?
Reply
S_u_n_i_l pradeepk72
@pradeepk72, it will bounce from CMP
Reply
S_u_n_i_l S_u_n_i_l
@S_u_n_i_l, target 440, sl 412..

this is as per my setup, please follow your risk management.
Reply
Can you explain little on A B C D that you marked. Does it indicate anything or its just a marking?
Reply
S_u_n_i_l Suresh_HR
@Suresh_HR, i usually use it for marking and i dont depend on what ABCD's does. I am not that expert :P
Reply
Awesome Master. This kind of charts / study really helps novice to understand the price action better. I have been following this stock for sometime. The levels I marked & my analysis exactly matching with your analysis.
Reply
S_u_n_i_l Suresh_HR
@Suresh_HR, thats great bro, keep posting ideas atleast privately. It will help you to track in future.
Reply
What is the upper target you are suggesting
Reply
S_u_n_i_l pradeepk72
@pradeepk72, target 1: 443
Reply
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