1)Today it has broken it's support.
2)On weekly chart there is pattern.
3)The stock is already up 100% in 8 months on weekly chart it looks like parabolic move.
4)I have been reading on moneycontrol most analyst are recommending Buy on Biocon .
Let me know your thoughts if any,
Boss I was not tracking it ,But your elaborate details with simple trend lines made me interested.
First of all its a buy
On Monday if it starts going toward 918-920 zone Buy it with End Of Day closing stop loss of 914.
First target is the horizontal line you have drawn around 984 and second target is 1020 where double top can get formed.
P.S : You have kept your chart clean with minimal indicator , Very very Good stuff .
Thats the zone where previous up leg started . Expecting a hammer like candlestick in this zone . so looking at very low risk entry