Biocon again approaching stiff resistance

Couple of things I would want to highlight here:
  • The stock has face resistance multiple times at the indicated trend-line
  • The times that it did manage to break it, the move was not decisive enough and I am certain that a lot of stop losses would have got triggered.
  • It could be interesting to see if it is broken this time. But I would suggest to not trade the breakout. Rather, wait for a good confirmation to enter the trade. Just my thought process to avoid SL hits.


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