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Deepak_dc93

BIOCON short signal , Rectangle pattern

Short
BIOCON LTD (NSE:BIOCON)  
Deepak_dc93 Updated   
NSE:BIOCON   BIOCON LTD
Support and Resistance Supply and Demand Pivot Points currency BIOCON bioconshort bioconanalysis biocontrading
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supportandresistance supplyanddemand pivotpoints currency biocon bioconshort bioconanalysis biocontrading
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
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