BIOCON
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
Biocon#biocon followup... be cautious, below 410 more pain ahead, above 420 only bullish run may be there....
Biocon Stock to take the long entry.Long term trend of the stock in bullish mode. On daily retracement expected to be complete. Long above 418 TGT 452 SL . Good risk to reward ratio 3:8. +ve divergence. Entry will be taken after the confirmation of green candle above the resist level.
Biocon Buy for positional - Cypher PatternGo long for Biocon
Reason Cypher pattern Formed in Biocon and successfully reversed from point D
Target - 1 = 430
Target - 2 = 450
SL = 394
BIOCONIm not an expert im just sharing my views on BIOCON for tomorrow
Im not responsible for any profit or loss this is not a recommendation
BIOCON - CHANNEL PATTERNNote:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
