Deepak_dc93

BIOCON short signal , Rectangle pattern

Short
NSE:BIOCON   BIOCON LTD
I will Short BIOCON on because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the resistance (upper end of rectangle ) and may reach the support zone (lower end of rectangle ) .
Target would be the Support area . Book profit when it reaches the support zone .
Entry - 457
Target - 410
Stop loss - 467
Trade closed: stop reached