Biocon stock is in uptrend & getting the momentum. Long entry can be taken after the Bo level above the level of 415 for the target price of 440 . SL can be set @ level of of 402. This trade in the good Reward to risk ratio. Positive divergence can be seen & RSI is also supporting well. Also triple bottom formation has been seen on the charts. So add the stock in your watch list to see the further price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
drive.google.com/file/d/1_PKz2Sq...
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
drive.google.com/file/d/1_PKz2Sq...
Trade active
Trade closed: stop reached:
Have to accept as a part of trading.