BIOCON - Weekly Breakout - Whats Next?

117 2 0
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 !
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 trade
Trade active: So far so good. Next week it will show the direction.
Trade active: 17/01: Trade active
Trade active: 20/01: Trade active
Trade closed: stop reached
Does open interest built up give any indication
dev_trader xclusiv_abhi
@xclusiv_abhi, Yes seems long positions are build up. Since its a strong surge, selling is not suggested at CMP. In my observation i mentioned that any move down to 1000 will be looked as sell entry.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out