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BIOCON

BIOCON - Support level explanations BIOCON - Support level explanations 1. It takes 10 months of distribution to break downwards. 2. If the stock does not close above 325 this month, then there will be more falls. 3. Next support will be at 275, 250, and 220 respectively (250 is the corona crash low). 4. If the stock close above 325 in the monthly candle then it will take the support at the primary trend and become bullish. 5. Based on the current market conditions it will likely close below our expected level. 6. Start Accumulate at 275 level. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:BIOCON
by ravi15684
1
BioCon - Short/Long Term Buy - 25 April 2022Hi This is a weekly chart, and it seems Biocon has completed its correction on a bigger time frame. It seems a good buy above 385, with SL of 332 as of now, and target of all time high of 487. So the risk reward is around 1 : 2. Weekly TF MACD is showing bullishness and on the verge of giving a good buy. Monthly TF MACD is above zero line and might give a crossover soon. Its trading in a Channel since very long time and currently holding the support of the lower end of the channel and have high chances of hitting the upper channel in coming weeks.Since its a rising channel, the targets could be more that the All time highs. Disc : Educational Purpose Only. Neo
NSE:BIOCONLong
by neostockmatrix
BIOCON, strong bounce back. Looks great for higher targets!1. Stock has made a Bearish Flag pattern on Daily Time Frame. 2. Stock was continuously taking support on rising trendline however, yesterday's selling made the stock break down the line. 3. Today, stock has regained the Tl support with good volume with RSI support, classifying the break down as failed break down. 4. 362 would the area of Resistance (TL Resistance + 100MA) thus our 1st Target. 5. Enter above 353 for Target 362/373 with SL below 344 DCB should be an ideal Trade. 6. Consult your financial adviser for investing. If worth it, Do Like, Share and Comment. :-)
NSE:BIOCONLong
by Equity_OptionTrader
Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]NSE:BIOCON Observations: 1) On 1day time frame, we can see it is near critical breakout zone. 350-352 zone. Above this it will give breakout of it. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 07-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BIOCON
by Trading_hawk
#Biocon Candle base Trade NSE:BIOCON As we can see Biocon stock has made spinning top kind of candle on support of recent swing. one can buy above current candle high in that case stop loss can be same candle low on closing basis. if break low of same candle then it might fall till below mentioned support level. in both case traders also can plan their trade on according direction as per their trade set up. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BIOCON
by linesandlevels