NeeteshJain
Short

SHORT Biocon facing selling pressure at "Resistance"

NSE:BIOCON   BIOCON
It is been observed on the daily chart that the price action reaches to resistance levels of 928-938 levels where it made a double top and facing a selling pressure as the prices dipping down and failed to break over the resistance. Now, it shall further breaks down below.

Target1: 900
Target2: 880
Stoploss: 942
Trade active
Trade closed: target reached: Target 1 reached successfully. Regards

Comments

Look like it is apporaching stop
+1 Reply
is this the level for shorting
+1 Reply
NeeteshJain SaurabhSrivastava28
@SaurabhSrivastava28, Yes, it may fall down from the resistance levels with stops at 942. Regards
Reply
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