vanathi
Short

Biocon - Upward channel has broken!

NSE:BIOCON   BIOCON
231 2 9
It has been observed in one hour chart of biocon             , the price action has broken the upward channel.
RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are 1110, 1100 and 1090. Always follow your trading plan.
Trade active: @ 1125
Comment: Target 1 reached!
Comment: Target 2 reached on 4/7/17
Vanati watch out for auro pharma it is touching previous low.,look for buying if it sustains this level
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vanathi nalinakshi
@nalinakshi, Ok sure.
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