Couple of things I would want to highlight here:
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BIOCON
- 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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BIOCON