BIOCON
Buy Biocon near 477The stock has already given the breakout on daily candle and expecting to move further, one can buy near 477 for the targets of 499, 510 and 525.
Happy Trading!
InvestPro India Team
Biocon, Long above 447 for a target of 580+It seems Biocon has completed its consolidation. Nifty Pharma has also started moving up. It has formed good base in 400-380 zone.
Buy Logic listed on chart
Entry: 447
Stoploss: 415 (on closing basis)
Target: 580 (risk reward => 1: 4 )
Timeframe: 4-6 months
Note: It can spend some more time in 440-480 zone....Conservative investors can wait for a breakout above all time high.
i just for anaysis this chartany idea comment below,
choose your side and target
but signal was buy trend
Biocon again approaching stiff resistanceCouple 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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NSE:BIOCON
Bullish Symmetrical Triangle Pattern in BIOCON for Target 475+After continues uptrend in BIOCON in last few trading session it's consolidating in a symmetrical triangle pattern. Now it's near to break out of this pattern so expected it will continue its bullish trend up to the 475+ in the coming trading session.
Possible Trade:
Buy BIOCON above 456.50
Stop-loss 450
Target 475+
auropharma trend trade trend trade is riskier as we enter in a stock which has shown the move and we expect it to do even better thus with a stop given selected the trade
Natco Pharm : triangle breakout, good buy above 995Natco pharm gave breakout from triangle pattern on 07 Dec 2012
A good buy above 995 is recommended wsl 950 for the first target of 1051
Keep trailing SL if starts coming in our direction
buy biocon@450 for target of 500 in approx 2 monthsdo your study before investing....very safe call SL will be support line
BIOCON LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
438-436 CAN ACT AS GOOD RESISTANCE; BUY ABOVE IT
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Biocon trading in the channellets wait to either BD or BO from the channel range. Will get good opportunity to trade with good risk to reward ratio. as per charts seems it will BD. do not jump lets wait & take trade after confirmation.
This is for your educational purpose only.
BIOCON Reversal - Volume Spread Analysis + Volume ProfileLong BIOCON at PoC - 406.5
SL - 395.6 on closing basis
