BIOCON uptrend
Formed an extended 3 wave
Completed its 4 wave in ABC internal count 5-3-5
May start upmove for 5th wave , having 5th failure as wave 1 is microscopic
It's an analysis, not a trading advice, trade with due diligence.
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
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
Biocon Ltd looks fundamentally very disappointing but there are few patterns on charts that makes it technically interesting at this point of time. Betting for an upside with a calculated risk doesn't seem as a bad option for now.
BIOCON ON CHARTS:
- Biocon has formed a Bullish Wolfe Wave.
- After 10 Weeks the Weekly closing has been above prior candle's...
NSE:BIOCON made an M pattern. But looking at the volume and the momentum, it seems the more selling will happen.
But if it bounces, then buy is also possible.
So both sides trade:
Trade: Buy above 280, SL: 276, T: 284/286
Sell below 272, SL: 276, T: 269/266
BICON Trendline and Triangular Breakout , Bullish NSE:BIOCON
Verdict BICON
Trendline and Triangular Breakout
Volume High
Indicators Bullish
T1 288
T2 298
SL 273
Only For Study Purpose
Biocon is trading at 52 week low and looking very weak. All technical indicators indicating bearishness. One can make short positions for the target of 270 and mark stop loss around 315 on clsb.
View for educational purpose
Price first broke down its important level but is now trying to move up again if it will give closing above 306 then we can expect a good up move but if it will break down trend line Then there could be a downfall again (not big)
parallel channel in biocon is smooth from bottom....will it be able to act properly from top as well. can we expect it to touch lower end of the channel now
NSE: BIOCON
Hello guys today after seeing the chart i got these things
1. If goes down then target could be taken at 309 as a target
2. Can be down as the Rsi Is also high and in the overbought zone
3. A Trend line is also showing to make a rising wedge and shows up also a sell signal
4. Time Frame :- 15 mins
Conclusion :-
A resistance which is at the current...
