Biocon 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...
BIOCON 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.
both 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
both 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 trading near it's hourly support zone @ 223 - 218 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
It 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 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...
Biocon 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 on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
you can sell on breakout or you can buy at support depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Hammer 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 share of Biocon has been struggling for the past many months. It has corrected in an unprecedented manner. However, it has just come to a support which, if held, can be a good place for a reversal in this stock. Keep it on your watchlist. Support line is clearly marked in the chart.
both side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
both side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Hello Everyone,
BIOCON Chart is on 15 min chart in channel,
looking for good intrady trade
watch levels now on support zone, if sustain on support level 230 then we will see next coming week again go up most resisistance zone,
but if break support level with huge red(Black) candle then will go down next support zone 224
*NOTE- we are not provided tips and...
we can plan for long at 230rs
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
