i would probably like to go long in the counter and still feel that a some sort of strength still left in the script ... keeping in mind that a tough tough resistance at range of 685 - 695 is diificult to break! sl 637 - 640 tgt 685, 695, 734 +++
NSE:BIOCON has touched the retracement level of 38.2%. Will it now fall down & now cross its earlier low of 575 next week?
Biocon is not holding fort after the recent big fall.. 591 seems to be a good buy for Swing as well. Keep it on your radar 591 to 570 is good to add with SL of 550 for mid term to long term hold.
Based 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...
595 levels have been strong support for Biocon. Friday might be a negative bias for market but this could be a bullish probability. Keep a watch
Biocon consistently making higher lows on closing after it bottomed out at 612 levels. If nifty moves down tomorrow on opening you can expect correction from these levels on account of profit booking.
Intraday levels for Biocon. Market might swing wild in opening hours due to election results in Karnataka.
Possible Channel Breakdown Sell Below 621 With 627 Stop
BIOCON has been trading within a symmetric triangle since a qtr. Trade suggested in the direction of breakout. Until then some sideways movement expected.
BIiocon Has been moving in a triangle, making a few gartleys and cyphers on the way.
Everything on charts W shaped chart pattern and stock price at the Neckline level ready for breakout above 640 For 655+ levels buy
The long trades could be initiated above the neckline of this inverted pattern. Hope this idea will help some traders for better trade planning. Do hit the like button and comment if necessary. Regards Bravetotrade
It has been observed that the price action consolidating on higher levels and then breaking out on downside indicating a strong selling pressure at higher levels. Now, it shall further corrects the previous upward move. T1- 590 T2- 575 SL - 625
BIOCON has been moving in an upchannel for a month now, making lifetime highs on every swing highs. Made a flat top triangle recently and broke out of it, and retesting the level again. Awaiting a reversal or a breakdown
BIOCON is moving in a triangle since May.Currently on the edge awaiting a breakout or reversal.
BIOCON Just broke out of a long term support level, now into the secondary sup/resistance zone, just below the gap. ALos its a 382 FIB level. May face resistance before it can break it, and fill the gap.