BIOCON LIMITED.Long
BIOCON for 420-440 in the Final 5th Wave?
Updated
CMP: 352
TF: Daily
The impulse from 191 is still on and the final 5th is in play now.
Internal counts are marked in the chart.
It has completed Minor 4 and also 5.1 and 5.2 as well.
This impulse started from 303 (Oct 31st) could potentially go up to 420-450 levels, and possibly fill the GAP at that zone as well.
Although it gave a technical breakout above 353 and negated the LL-LH structure, a breakout and close above 358-360 would give final confirmation.
A very good set up for December series.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: Daily
The impulse from 191 is still on and the final 5th is in play now.
Internal counts are marked in the chart.
It has completed Minor 4 and also 5.1 and 5.2 as well.
This impulse started from 303 (Oct 31st) could potentially go up to 420-450 levels, and possibly fill the GAP at that zone as well.
Although it gave a technical breakout above 353 and negated the LL-LH structure, a breakout and close above 358-360 would give final confirmation.
A very good set up for December series.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
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Price is at 377 today.. keep trailing
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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