praveen.bhatiya

Biocon Potential short Action/Reaction

Short
NSE:BIOCON   BIOCON LTD
Andrews Action/Reaction method has suggested a short and it made Big Red candle showing the selling pressure at that level. It has also broken the short term trend line telling the weakness at least in short term. Prices are retesting the Supply Zone and trend line from below, so one can put the stock into their radar and short the stock on seeing the weakness.
Order cancelled: So far no significant weakness so cancelled the Trade idea and am not watching it now.