Closing Price 628
- The stock is at important levels and we try to analyse different possible scenarios and how one can plan their trade.
- we are looking at 4 possible situations and accordingly one can plan their Trading strategy:-
- In case of dips look to buy in the zone of 618-607 levels for target of 662 / 682 initially.
Biocon might have completed wave y. Biocon is facing multiple Fibonacci resistance (Fibonacci cluster). Short below 641 for target 634/24 with sl 648.
Ignore Fibonacci levels on the chart. I have published it in quite unprofessional manner, apology for the same. Thank you:)
Enter Long in BIOCON if crosses above 630 (Aggressive Trader)
Enter Long in BIOCON if moves above 636
Target 1 - 648
Target 2 - 660
Target 3 - 680+
Last Swing (Higher low) 610 acts as a Stop- loss
*RECOMMENDED FOR POSITIONAL TRADE
I Expect it'll go down in further trading session ... Momentum of this stock show downward direction and pattern forming daily candle..
Wait and watch what will happen ?? .. Tell me about my analysis in comment session .. Hope !!