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.
BIOCON
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 : 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






















