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)
this may the last move of impulsive wave then after it may correct itself --------------------------------------------------------------------------------------------------- BUY NOW FORTHE MOVE OF 100 -150 POINTS -------------------------------------------------------------------- ---------------- THANKS ----------------
Biocon has broken out of a TL in D TF. Taking good support over 385-88 zone..
Price has taken support over 390 with high volume and it is ranging in expanding channel. Take entry at 396 with 390 stop loss, target will be 414 -416. Duration is 6-7 Days
Stock in Trend Channel Risk to Reward looks great Currently on Lower Channel Also in single range Inside Bars
Above 417 add more above 424 SL-398 Target 437-446-460
BIOCON gave support BD and closing below it. Weak below 395 Level View Negates above 407
its time to accumulated some of biocon here mention in chart. Nice support is Built.
Breakout plus retracement done also taking good support from 200 MA
I've already entered in long at 368 with an alert on 29 Jan 2021. I hope that you will get entry-level as mentioned on the chart at wave 2 retracement of wave 1 but I don't suggest holding position if the price falls 375 below. This setup has higher risk and rewards 1:6 or 1:8 because of wave (3). Check out the long-term chart.
already breakdown has happened in biocon.Still expect further down today .
Biocon Bouncing From Support Area 360-370 Pure Delivery Above Cross and Sustain 395 Then Sl 370 Trg 420/440
Long term resistance should act as a support now.
Buy Biocon Risk reward favorable target 415, 425++ stoploss below 370 time frame 2-3 months