BIOCON
My PredictiveEngine's Intraday call(08-Jun-18)-BIOCON-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 08-Jun-2018 for BIOCON
Sell Below: 604.5 for targets -
T1: 600
T2: 597.2
T3: 594.4
SL: 609.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Will it break the long run trendline on Biocon ?Symmetric triangle and as well long run trend line formed in Biocon and its seems to break on downside with the confirmation of MACD bearish crossover on bearish trend. As I explained about the symmetric triangle on previous chart (which is pasted the chart URL below). But on this chart, price may break on down side because of the trend indicators on bearish.
Trade:
Short below - 329.25
Target 1 - 323.50
Target 2 - 318.50
Stop Loss - 334
Note - Not for Day trade, hold for 2 to 3 days on short side.
CNXPHARMA Downtrend resumption- The index level retraced to the 20 day SMA
- Even though there is a little further to go for 61.8 % Fib level, hanging man pattern is clearly visible on the chart
- Looks like a reasonable risk/reward play on the short side considering above two factors
- Sunpharma, Auropharma, Biocon, Wockpharma etc seem like a good bet
Biocon : Waves can con us ?This is not trade setup itself, its just an idea shared here on Biocon on potential scenario of shorts. I'm not sure about end of wave 4, as I don't have patience for sub-waves & there is no bearish reversal as of now. So either you can do subwaves & predict wave 4 end, if you don't know elliott's don't worry, just apply whatever strategy you use over Biocon & check whether that indicates bearish move ahead.
Happy Trades !






















