praveen.bhatiya

Biocon SHORT Pennant pattern.

Short
praveen.bhatiya Updated   
NSE:BIOCON   BIOCON LTD
The stock has formed perfect pennant pattern and gave breakout with gap and good volume. It is trading below the trend line clearly telling more weakness in coming days. One can short the stock for a target of below 925.
Trade active:
Trade is doing well and moving towards the target as expected.
Trade closed: target reached:
Closed the trade on target.

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