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

Comments

NICE ANALYSIS
+1 Reply
Deepak_dc93 arsheenaisha
@arsheenaisha, Thank you , please follow and like my ideas if you find it useful
Reply
Nice
+1 Reply
Deepak_dc93 moin.cad
@moin.cad, Thank you
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out