BIOCON - Consolidation in Short RangeBIOCON consolidating in short rage between 356 & 367.
I'll go long if it break 370 with volume.
BIOCON
BIOCON SellI have been watching this chart for past few days waiting patiently for the trigger.
The trigger happened at around 2pm today when I shorted this with futures at 358.50.
By 3.15 I closed at 348. But the trade itself is far from over.
The trade set up is obvious from the chart. A sharp run up tapered to a very narrow range when ultimately it just had to topple over for lack of momentum.
Like riding a bicycle.
Ideally, I would wait for it to bounce a bit towards 355 levels before going short again. Stop loss at about 367
The target would be around 330 that lines up nicely along 38.2 Fib level as well as the gap that would be acting as a pull.
BEARISH.BIOCON formed DOUBLE TOP in weekly chart.SHORT from hereBIOCON has just formed a DOUBLE TOP and look out for reversal from this level.
Biocon Weekly: Don't get TrappedBIOCON
Price band marked is for ATH, in current week rejection is seen just below the lower band.
Be cautious for ur entries near to This band, it may trap for some time.
Some good entries would be btn 290-310; SL 280
BIOCON LOOKS BEARISH ON CHART AT 200 HOURLY EMAHello all..!!
Looking from the chart, Biocon have come near resistance zone. I have come to conclusion this stock would start downward journey.
What's your view on this stock write in comments ..
Disclaimer:
I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
For tomarrow, Short biocon if red body crosses below flagbottomFor tomarrow, Short biocon if red body crosses below flagbottom, 15m
Target as marked..
BIOCON - SYMMETRICAL TRIANGLE PATTERN AND LONG TERM LOOKOUTSYMMETRICAL TRIANGLE PATTERN
1)This is Long Term probability, based only on a Chart Pattern that I have found out.
2)We are refering to a Monthly Chart here.
3)This Is extremely good stock to accumulate for the long term.
4)Should accumulate if comes down to a level of 240-260, that is Point No. 5.
5)Expect a major Breakout then.
OR
6)It may Break the Trendline at Point No.4 and Travel Upwards.
Biocon , breakout !!!!!!!!!Good breakout on the weekly side ,go long on dips til 295-290 with the sl of 275 on clbs and tgts of 320/340 positionally .
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BIOCON weekly chart analysis - Buy setup - Low risk high reward After a decisive close above resistance of 281+ Biocon is all set for a bullish rally
Buy at CMP 294+ and on dips upto 281
T1: 340
T2: 360
T3: 420
T4: 450
SL: 270
2020-01-21: BIOCON: SELL ONLY AT 299Please consult your financial advisor before taking a position in this.
SELL BIOCON at 299 with Stop-loss of 305 and Target of 286
Biocon 238 + Breakout, 210 Good Support ZoneBiocon bounced from the support area and now ready for a new breakout above 238 + level.
Biocon weekly chartBiocon
At channel support,
RSI suggest good entry point
Resistance may be seen at around 295 (Obesrve Weekly resistance trend line)
Biocon : Inverted Cup and Handle? Can someone please validate? Biocon price seems to have formed inverted Cup and Handle on a monthly candlestick chart. This is on the slanted price movement. Handle has reached 50% of depth of cup. Any significant upmove may invalidate inverted Cup and Handle. Need some more insights on Inverted Cup and Handle
