There is a breakout level of 403, once it break . You can for the target of 420 Levels . Tomorrow Company will also declare their Quarterly Results . So keep eyes on this Share. . Learn More Earn More ✌️
Biocon- 412.85. It is one of the few pharma scrips yet to participate in pharma rally. It fell with huge volumes from 455 to 376 in 2 days on 21.1.21 after announcement of Q3 results and created gap from 422 to 442. Today it went up with huge volumes highest of past one month and closed at 413. It has to stay above 423 and fill the gap for going up. It is also...
Biocon - 1st Trade Target Achieved ... Second Trade Open
Biocon is on a verge of breaking out of ascending triangle at key gap resistance level. Above 425 stock will explode to kiss 442 - 464 - 473 and then will cross all time high.
BIOCON is at resistance in 1H timeframe. If it gives a breakout will take a posiitonal trade for a target of 440.
#biocon #dailytf above 425 target is 480 520 View negated below 405
Buy above 425 Or around 410 Sl 390 Target mention on Chart
Above 406 can give a target of 419. Pl check out my other charts. Thank you.
If Biocon closes above red line then the Target 🎯 will be green line Simple but it works ☺️ Let's see what happen Market doesn't like gaps ,it will fill one day. Keep this stock in surveillance
Please find analysis mentioned on chart
BIOCON SWING LONG, ENTRY -408 , STOP - LOSS -390, TARGET -424,
Price struck at a small range for a couple of days and it has high probability to break the resistance and move up in the coming sessions. One can clearly see the triangle pattern marked exactly at the resistance. Wait for the price to break the resistance and go long.
If it breaks out above 403.40 which is today's high then go long... 450/460 in 1 month or 3 weeks.
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down, Reasons For Selecting:- 1.Trendline acting as a support 2.Stock respecting Fibo levels 3.Double bottom pattern 4.Gap Filling. placing a stop-loss @ 375, Followed by the Targets 1 & 2
Biocon is about to break out soon so keep in track for enttey will update soon
BIOCON may show upside momentum in a very short period. Lets see how it performs. (for educational purpose only, do not invest without your own research)