BIOCON - Weekly Breakout - Whats Next?
BIOCON shown strength on 09 Jan by surging 45 points. It broke the weekly channel top line. However, interestingly, rally halted exactly on previous weekly resistance @ 1020. It will be interesting to watch here. It would be sell candidate for me if any daily candle closes below 1000 with SL of 1025 for target of 950.
Wait and watch time !
Wait and watch time !
Trade active
Trade active at sell side @ 999.Trade active
Today closing is very important for Biocon. If close above 1025 we will be out.Trade active
12 Jan - Great ! Today closed below morning open price. And well below over SL 1025. We are active with tradeTrade active
So far so good. Next week it will show the direction.Trade active
17/01: Trade activeTrade active
20/01: Trade activeTrade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.