Tremendous Loss of Momentum in BIOCON

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Looking at the weekly chart it looks rally is tiring itself & there is huge loss of momentum in BIOCON             as ROC dropped pretty sharply. Stock can face serious correction going ahead.
Comment: One should take a look at this chart stock market cycle & decide the stage Biocon is right now here is the link: https://www.google.co.in/search?q=stock+market+cycle&client=firefox-b&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjUsYWWyYPRAhUEK48KHQqqDLkQ_AUICSgC&biw=1366&bih=659#imgrc=J8SsQwogheoFTM%3A
Good Observation..just a note that few days ago it has done highest delivery volume of 10 lacs plus on a turn over of 35 lacs..some serious buying also going on & may be its a pause & coreecting to mean on a low volume before blasting off again that only time will tell..I m extremely bullish for 2017 on BIOCON
Akshay15 RakeshShah
@RakeshShah, If you have it sell it bcoz the levels you are seeing wont come for next one or two year, or at least buy put options to hedge your longs.
RakeshShah Akshay15
@Akshay15, Options play is one in which you lose 9 out of 10 times ..have longs only with contingency to add more on falls
Akshay15 RakeshShah
@RakeshShah, Just to tell you that deliverable % on that day was only 29.25% of total volume which is low
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