Biocon- Bat Sitting on the Biocon's Head

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.

Trade active:

in.tradingview.com/chart/gkkHIxy8/

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