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

Comments

Dude i went for long in morning rs 1231 loss.big insider trading happened
Reply
fcsa aadishapril
@aadishapril, I have been trading long on Biocon for some time but constantly booking profits. Yesterday I had again gone long @ 650 and sold in the first minute of trade today since I knew it was a news day. Made some 20+ points per lot (futures). Then when the drop happened I waited for a pause and bought again. closed and bought yet again. Made another 25+ points per lot. The lot is 900 so that is about 40+ grand a lot and I had more than one lot.

All this is not fluke. Despite the apparently random and "unpredictable" insider trading price action - notice that it exactly hit my calculated probability levels - at the top and bottom. I bought when it hit my lower level. and the lower shadow was my long entry.

Press <Load New Bars> to view how precisely the price action today conformed to my levels which in fact I had calculated more than a week ago!

Buying in the morning was not wise. Even from a purely technical reasons. You need to be nimble and very quick sometimes in certain price action movements. In future it is good advise to wait for the first 4-5 candles of 5 minute duration. Then trade according to trend if you are an intraday trader. It helps if you can decide on a trade by around 9:35-9:40 because the 15 minute traders will kick in at 9:45 with significant volume.

Hope things work out better for you in future. Cheers.
Reply
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