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.