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AdarshDey
Nov 14, 2021 1:15 PM

BIOCON ( Ready for Marathon) 

BIOCON LTDNSE

Description

BIOCON:
Few key points to note:
- Seems like Wave 4 is completed and Wave 5th have been initiated.
-Respected the Golden Ratio of the prior trend.
- RSI Bullish Divergence (Double Bottom)
- Support taken at 200 Weekly Moving Average & EMA
- Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages.


I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.

CHART & ANALYSIS – ADARSH DEY

Comment

A fantastic breakout. One can add more on dips.
Comments
StockWhizzer
Xcellent! Your view on MnM Fin, down 8% pcnt now, heading for 160 again or 185 will hold?
AdarshDey
@StockWhizzer, Follow this link, M_M FIN Chart is active since JULY 26th and regularly updated.
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