BIOCON
Granules India for 35%+ gainsDate: 3 Oct’24
Stock: Granules
Timeframe: Daily chart
Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance.
This is not a trade recommendation. Please do your own analysis.
Aisa lagata hai ki Granules India ne 5 ke Wave V mein apni badhat shuroo kar dee hai, jo 810-820 (595 kee vartamaan keemat se 35%) ke aasapaas samaapt ho sakatee hai, jaisa ki chart mein dekh sakte hain. Achhi volume aur RSI ka majaboot ulataav is rukh ka samarthan karta hai.
Yeh koi vyaapaar ki rai nahin hai. Kripya apna vishleshan khud karein.
Biocon ready to fly; 25% Return; short term investmentHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
.
.
Wait for small retracement & daily candle to close above - "355"
.
.
If you are interested in investment now, go for it with proper risk,
.
.
Overall " biocon" fundamentally good stock.
.
.
Enter after market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue.
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
Biocon cmp 359.10 by Weekly Chart view- Volumes seen as steadily traded
- Support Zone at 312.50 to 319.50 Price Band
- Resistance Zone seen at 377to 388 Price Band
- Price sustained well above Falling Resistance Trendline
- Weekly basis : Support at 325 > 292 > 260 with Resistance at 388 > 421 > 463 > ATH 487.75
- Double Bullish "W" pattern done with neckline at Support Zone and also at Resistance Zone, as one may consider
Biocon - Monthly - Ascending Channel - Rebound & Breakout - LongBiocon Ltd. (NSE: BIOCON) has been consistently trading within a long-term ascending channel, with the channel Top and Bottom being tested multiple times over the years, as shown in the chart.
The Price has again bounced after touching the bottom of the channel and made a breakout from a descending trendline followed by a successful retest. The RSI trajectory is also bullish.
Key Points:
1. Ascending Channel: The stock has been moving within a well-defined ascending channel since 2013. The recent price action saw a strong bounce off the lower boundary of the channel, suggesting robust support at this level.
2. Key Support and Resistance Levels: The chart highlights multiple instances where the stock has found support at the bottom of the channel and faced resistance at the top. These levels have been tested several times, reinforcing the reliability of this trend.
3. Relative Strength Index (RSI): The RSI is currently at 64.77, trending upwards. This indicates bullish momentum and suggests that the stock could continue its upward movement. The RSI has consistently made higher lows and higher highs, which further supports the bullish outlook.
Breakout on Weekly Timeframe
The weekly chart shows a breakout from a descending trendline followed by a successful retest, confirming the bullish momentum. The RSI on the weekly timeframe is also in an upward trend, indicating strong momentum.
Disclosure: Invested at 338
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Please do leave a comment with your views or any additional insights you might have. If you found this analysis helpful, give it a boost and follow me for more in-depth analyses and updates on promising stocks.
Low risk-high return : min10% returns : Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
.
.
Wait for small retracement & daily candle to close above - "315"
.
.
If you are interested in investment, go for it with proper risk,
.
.
Overall " biocon" fundamentally good stock.
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
MACD Crossover - BIOCON📊 Script: BIOCON
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 323
🟢 Target 🎯🏆 - 350
⚠️ Stoploss ☠️🚫 - 311
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Biocon Indicates Flag Pattern Breakout and Positive ResultsDetails:
Asset: Biocon Limited (BIOCON)
Breakout Level: Above 320
Expected Target: 340 and beyond
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Biocon Limited (BIOCON) is displaying a flag pattern breakout potential alongside positive results. A breakout above the 320 level could signify a bullish momentum shift, especially supported by positive earnings results.
Market Analysis:
Technical Breakout: The breakout above 320 indicates a potential flag pattern breakout, suggesting increased buying interest and potential for further upside momentum.
Positive Results: Strong earnings results can act as a catalyst for bullish sentiment and further support the breakout scenario.
Expected Target:
The initial target for BIOCON is set at 340 and beyond, considering the potential momentum from the breakout and positive results.
Risk Management:
Implementing a stop loss strategy below the breakout level is crucial to manage risk in case of unexpected price reversals.
Timeframe:
The projected move for BIOCON is based on a short to medium-term outlook, considering both technical breakout and fundamental catalysts.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk ma
CNXPHARMA - Trend Reversal📊 Script: CNXPHARMA (NIFTY PHARMA)
Key highlights: 💡⚡
📈 Nifty Pharma is retesting from its support level shown in chart.
📈 Pharma stocks can give good returns.
📈 One can go for Swing Trade into Pharma stocks.
📊 Script: CIPLA
⏱️ C.M.P 📑💰- 1414
🟢 Target 🎯🏆 - 1510
📊 Script: LUPIN
⏱️ C.M.P 📑💰- 1688
ONLY ABOVE 1700
🟢 Target 🎯🏆 - 1828
📊 Script: AUROPHARMA
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: GLAND
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
📊 Script: BIOCON
⏱️ C.M.P 📑💰- 1177
🟢 Target 🎯🏆 - 1267
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run.
However stock has recently given a big volume bounce from its demand zone.
295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA.
1st breakouts are normally traps so use pyramiding to save your capital.
If stock posts good results , we might see good move in stock.
Keep your eyes stuck on this if you like support bounce trades.
Biocon : Bottomed out Stock#Biocon #Momentumstock #Swingtrade #BreakoutCandidate
BIOCON : 200 EMA Breakout Soon
>> Momentum Stock
>> Bottomed-out Stock
>> Good Strength & volumes in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BIOCON BULLISHBIOCON looking is good
it is in strong trend line support
First target@295
Second target@318
Stop loss@255
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.