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sbvinith

biocon - falling wedge, upper trendline broken within wedge

Long
BIOCON LTD (NSE:BIOCON)  
sbvinith Updated   
NSE:BIOCON   BIOCON LTD
Trend Analysis Chart Patterns
1
1
trendanalysis chartpattern
fib 50% retracement, falling wedge and dynamic resistance broken immediate upside 3-4 %, much more after wedge is broken (target will be updated later)
Comment:
currently at the upper end of the wedge - it could either reverse on the downside from here or or break the wedge for more upside, would be reasonable to wait for breakout of the wedge pattern
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