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BIOCON is in the Triangle. . . One more bearish leg down. . .
Happy Trading to all. Strict plan. Rocker
we will see if the stock can travel inside the pattern or a breakout
INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 1, 2018)
BIOCON BUY ABOVE 662
BIOCON weekly chart study
Biocon formed reversal pinbar at resistance. One can short it with SL above 686. However, if it crosses it with good volume, trade can be reversed for new high.
STOCKPRO RECOMMENDATION BIOCON
BIOCON MADE A HIGH 683.7, WE RECOMMENDED AT 666
Biocon -- CCI >100 on Weekly chart
Target & Stoploss mention on chart
BIOCON BUY ABOVE 666
better to stay long on dip in the counter , looks set for a 50% or more upside ! in couple of months !
ENTER THE TRADE WITH FOLLOWING LEVELS:
TRADE AS PER YOUR RISK APPETITE
EARN HUGE PROFITS; TAKE SMALL LOSSES
described in the chart .
Inverse H&S, Buy: 677, Target:783, SL: 640
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
BIOCON has been moving in a range since start of 2018 making new lifetime highs. Currently testing the upper edge , awaiting for a breakout/Reversal.
Biocon -IHnS formation gud buy above 630 for BO. for the target of 710+.SL 619
BIOCON break previous high keep watch trade
enter 618 or wait enter above 621.75
good confluence here 0.786 fib , 1h sfp