I strongly recommend shorting Biocon at the current price of 612 for target of 580 with Stop Loss 617.5
8th March expected Target: 595, close: 600
The stock has shown strong resistence at 613-615 levels. Easy to spot periodic bearish fractals on a 3 min chart. News is not in its favour either. Short the stock and make money with me.
Opened around Stop Loss in the opening session on 8th March. Zero loss, zero profit. Trading to be continued. Trade for the mentioned target. Stick to Stop Loss 617.5 and enter below 613.
Trade closed manually:
Call closed, didn't enter in the trading range