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BIOCON

NSE:BIOCON   BIOCON
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BIOCON
4HR TF

It looks like the formation of a FLAG and PENNANT PATTERN.

If and when it breaks out downside it will touch the green targets.

Otherwise resistances are marked in RED.

On the highe TF it was in a downward channel and has broken out downside.
May 09
Comment: Perfect break out on downside and hit target 1
May 10
Comment: Went back up ... took resistance on previous support (marked in YELLOW) and did come back down... If in red on monday then high possibility of hitting targets in green again.
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