BIOCON NSEDate 28th Feb 2024
MACD showing HL while Price A. Showing HH,
This Indicates Sellers are Exhaust.
but still can't make new Higher Low in Price Action,
means buyers are in Command now.
BIOCON
BIOCON- VCP in Making X weeks X Range above 144BIOCON- VCP in Making X weeks X Range above 144
1) Strong VCP
2) Good Trendlines
3) ready breakout
Biocon : Bottomed out Stock#Biocon #Momentumstock #Swingtrade #BreakoutCandidate
BIOCON : 200 EMA Breakout Soon
>> Momentum Stock
>> Bottomed-out Stock
>> Good Strength & volumes in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BIOCON BULLISHBIOCON looking is good
it is in strong trend line support
First target@295
Second target@318
Stop loss@255
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
BIOCON - a quick 20% move can be expectedNSE:BIOCON
cmp 298
a quick 20% move can be expected giving a target of 360
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
BIOCON | 280 - 285 STRONG SELL ZONEBiocon made a strong bearish candle on 8th January and gave closing below candle on 12th Jan. The stocks is sell on rise as per our analysis around 280 - 285 with the SL above 295 on closing basis. Targets are marked on the chart with green lines.
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InvestPro India
BIOCON - SWING TRADE - 12th January #stocksBIOCON (1W TF) - Swing Trade Analysis given on 12th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout & Retest - Done ✓
- Volume Spike at Resistance - Done ✓
- Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #biocon
BIOCON C&H PATTERNBIOCON breaking c&h pattern
with huge volume and good rsi
trading above all key ema
educational idea only
biocon sell at current leveltarget would be 229
sell zone from high
today sharp move from morning and now its start lower low mwking from resistance level
its a clear sell trade
Biocon looks good for buying for short termBiocon looks good for buying for short term. Targets will be 300 and 335. Reason for trade, 23 May candle was high selling volume candle, price has closed above this candle high with good volume and price movement. This can give thrust to price movement.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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BIOCON Daily chart suggest 20% upsideBIOCON Daily chart is showing Flag-Pol Pattern Breakout.... Targets coming 20% upside in next 50 days.
LTP - 244
SL - 230
Targets - 290+
Timeframe - 50 days.
BIOCON bullish counts in both casesBiocon on long term count has either completed wave 4 & started wave 5 up which can reach 780-1060 levels or its forming triangle in Wave 4 of which wave A is complete & we are rising in Wave B Up so in both cases prices should remain bullish as the moves unfold we can decide if its impulse or counter trend move at least a move towards 374 is possible in wave B view invalidates below 191.55.
I am not a SEBI Registered Analyst please consult your advisor before investing charts shared for education purpose only.
BIOCON flirting with trend line resistanceBIOCON is showing signs of a breakout, so far volumes are not supporting it. For any entry into longs it would be better to wait for a strong candle with good volume support.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
BIOCON long BASED ON DATA ANALYSIS!BIOCON showing good momentum past 2-3days big player are active on 223 level will give good move!
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
BIOCON NEAR SUPPORT ZONESBiocon trading near it's hourly support zone @ 223 - 218 and expected to show a bounce towards marked targets on the chart.
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InvestPro India Team
BIOCONIt seems at goo level. SL can be kept below 188 and if starts moving up then can be trailed for big target as it is monthly support so we can expect some good up move here
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = Biocon
Time Frame = 1 Day
BIOCON: FALL OF PHARMA$BIOCON is going down and will reach 210, if the current trend persists. Trend analysis showing the downtrend movement.
Biocon Monthly chart Elliot WaveBiocon monthly wave 1,2,3 complete and wave 4 process and again go upside wave 5
Wave 1 complet 23 month or return upside 463.17%
Wave 2 down side time 20 days or 138% return
Wave 3 upside time 102 month or 1814% retun
Wave 4 down side 27 month or 270 point down
Nifty Pharma Near Make-or-Break Zone 11200-11400 Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
