fcsa

Biocon - Levels valid till 1st June 2018

Long
NSE:BIOCON   BIOCON LTD
Wave-III (based on daily/weekly charts) seems to be in progress.

Sl & Targets - use the probability range levels (blue/yellow lines) or the Fibonacci levels (white lines)
Comment: Closed my trade @682 (futures price)... good profits...
Comment: Notice that my customised probability range levels are quite accurate. I have successfully traded using these for both indices and stocks.
Comment: The 676.1 probability level is providing some resistance
Comment: The range levels I calculated seem to have worked out very accurately. I think they are still valid for this week. Press the button and check.
Comment: Tweezer Bottom candle pattern seems to be forming. This could indicate that an uptrend is probable.
Comment: Click on button and check. You may have to adjust the zoom factor
Comment: Tweezer Bottom on daily chart confirmed. Might be a good long trade.
Comment: Those who went long after my last update above will have made about 20000-30000 rupees in the futures market if closed on market open.
Comment: I deeply suspect this is a clear example of insider trading by the big players. This huge drop on a day of good news is typical of how big players use and trap retail traders for huge profits.

I got out of my long position within the first few seconds of market opening today because I suspected this.
Comment: Despite the manipulations, notice that my probability range levels were still respected. I made profits based on these levels which are result of an ongoing data analytics research project I am doing.

Press button and adjust the zoom levels to check how accurate my levels were.
Comment: Taken a Long position with tight SL
Trade active: About 13 points gain per lot till now in futures. Lot size in Biocon is 900.
Trade closed manually: Closed for 20 points gain per lot in futures. I loved this trade.
Comment: Fresh Long position taken... 6+ points gain per lot
Trade closed manually: Closed for 7 points gain... total approx. 26 points gains per lot.
Comment: June 16th: Range levels are still valid for some days
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