BIOCON
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
Hello 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...
SYMMETRICAL 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...
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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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
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
CURRENTLY AT 50 % LEVEL WHICH IS VERY IMPORTANT IF IT BREAKS IT ON CLOSING BASIS IN 30 MINUTE CANDLE GO SHORT TARGET GIVEN WITH ARROW
NOTE:TRADE AT YOUR OWN RISK
