Below 435 SL 475 Target 405-395 Currently volume is not that great Option play 420 PE Above 9 SL 3 Target 15-20 Or 400 PE above 4 SL 1 target 7-10
The price is finding the number of 4rth waves to stop and will travel for the 5th wave which exists at 388 nearby(38.2% retracement) or 360-378. Let's assume that the 5th wave still remains then, the target should in the step by the previous important level as 468/488/506.
NSE:BIOCON
On the Edge of Breaking an Important support Showing Signs of weakness on all higher time frames If Market Bias goes negative then it can become a strong potential sell candidate
If it sustained above 471.75 on 12-01-21 , take for target 478.60 ,487.90 Thank You ! Please Let me know how is it ...
For more charts, please contact me via direct message
The 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
biocoin possible short breakout happen target mentioned
Click on Chart for more info
Biocon long, consolidation breakout, trail SL @ 475 closing basis.
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...
any idea comment below, choose your side and target but signal was buy trend
Not for day traders, only for positional traders