Biocon Ltd. ( 38-40% upside potential )

Oct 25

Sector: Biotechnology & Medical Research
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in HTF demand zone (previous resistance) with supportive RSI ( below 30 ) and bollinger band lower band support in DAILY TF.

on DAILY TF RSI N BOLLINGER BAND also support the IDEA...

price may face resistance at 350-382 as DAILY supply zone as well as HTF supply zone....
on the other hand PA moves against our anticipation, 260 level on DAILY closing basis act as stop loss...
PA in a buying zone / demand zone where higher probable chance of getting reversal. so one should follow its own strategy for buying / accumulation to get better RR.
so keep in mind and plan your trade accordingly...

Who's gonna trade with me for this trade IDEA let me know.....

Dec 11

Trade active

exellent moove captured....
SL set BE....

7 days ago

Note

buy / accumulate again below 334...