AbhishekHSinghCMT
Short

Biocon- Bat Sitting on the Biocon's Head

NSE:BIOCON   BIOCON
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Bearish Bat sitting on Biocon's Head - can trouble & give us target 825-827 once goes below 840..below 820 it could be..bigger downmove. so let us wait & watch.

Regards,
Abhishek H.Singh, CMT
Trade active: 14:45 Hrs-IST-22nd Aug2016--Look at the candle size ..did not break 840..Vow
Trade active: Biocon sell was not activated as it was suppose to go below 840 mark- which never happened & look how it turned from 840 levels.
Trade active: 09:30 Hrs-IST-26th Aug2016- Going Above 900 as per below mentioned comment section -I was bullish - one should take care that Biocon can continue its jump if sustains above 915 else profit booking is advisable. Going above 915- One can look for the zone 940-950 as profit booking zone.
Comment: 09:30 Hrs-IST-26th Aug2016- Once it crosses 915- kindly trail your stops slightly below 900 mark.
Comment: 00:25 Hrs-IST-29th Aug2016-- We really saved our self -As per last update let us not hold any long positions -do take long positions only if it crosses 915 mark. Look it turned from 909.80 & closed at 891 in last session
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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Sir your present view on BIOCON
+1 Reply
Now You can buy Biocon only above 900 - best trade was support of 840-845.
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