BIOCON : 200 EMA Breakout Soon >> Momentum Stock >> Bottomed-out Stock >> Good Strength & volumes in stock >> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
@yameendasadiya93, My Friend hope u understood the Setup. The Candles Highlighted shows institutional Buying so if price comes around that price u might see sudden buying emerge from that zone.....This institutions will not let the price go below that or else they will be in loss.
So if u confident about setup and u also see potential in stock and are willing to take trade for 1-3 months u can enter as u see price is around Institutional Buying price
if u r a safe/cautious trader than wait for breakout