BIOCON LIMITED.Long
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)
Since last weeks we have seen pharma sector is outperforming and this performance may continue.
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
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