TRIANGULAR BREAKOUT + SUPPORT & RESISTANCE OPPORTUNITY IN BIOCON
The stock has formed a descending triangular pattern which is about to witness a breakout.
The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively.
Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425.
If the resistance is broken with good volumes, the stock can move towards 450, 475, 520 levels soon.
//important levels are shown in the graph.
Buy at - 390
SL - 368
Targets - 420, 455, 475, 550.
The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively.
Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425.
If the resistance is broken with good volumes, the stock can move towards 450, 475, 520 levels soon.
//important levels are shown in the graph.
Buy at - 390
SL - 368
Targets - 420, 455, 475, 550.