BIOCON Intraday support and resistances 24/01/2022Biocon intraday support and resistances for Intraday 24/01/2022
BIOCON
BIOCON Daily TFPrice action analysis
Biocon trading in a consolidation range from last 2 months
currently price at breakout level from channel pattern
LTP - 377, Entry level above 385
#elplantrader #tradewithelplan #tradewithaplan
Biocon_Pharma rally ahead ?wright time to enter pharma stock.
catching a fish before it grows.
beautiful Flag pattern forming.
can make entry with SL=swing low i.e. 338, CMP=367/
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
Long Biocon...High Probability SetupBiocon
Cmp - 358
Stop - 335
Expectation -
T1 - 420
T2 - 470, Review at 470
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Biocon (Daily) - Inverted Head & Shoulders Chart Pattern Biocon (Daily)
Inverted Head & Shoulders Chart Pattern
Currently the price seems to be in the last leg of the 2nd wave
May enter the 3rd wave shortly and do the breakout of the neckline of the Inverted Head & Shoulders chart pattern being formed
We'd actually be bottom fishing the 3rd wave in this case or the right shoulder of the Inverted Head & Shoulders chart pattern
Once 2nd wave is completed and the bullish reversal comes, you can calculate the target for the 3rd wave using the Trend-based Fib tool (1.6 x when you click from starting point to top of 1st wave and then on the bottom most point of 2nd wave)
Or you can simply take the depth of the head as the target
On weekly tide, there is a buy confirmation in place
BIOCON LONGI hope you can now see how BIOCON represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Biocon Monthly bullish - pivot tgtBiocon Monthly bullish
Positive Divergence - Above 50
Long Term TGt - Pivot tgt
SYNGENE looks set for a bada breakout syngene and its peer biocon both showing signs of one side upmove
the stock looks great at cmp for a 15 % up-move to the least
it was into a deep consolidation.
from a good amount of time
the best part about this time is it gave a good spike rejection and that too at lower ends of the box
although sl should be respected
Biocon.. 3 white soldiersbiocon broke out the trendline with 3 white soldiers... and going for 3 wave up...
2nd wave completed near golden ratio 61.8% and bounced for 3rd wave..
breaking of high of 3 white soldiers will give more bullish mommentum
NSE:BIOCON Rounding BottomNSE:BIOCON
#BIOCON formed Rounding Bottom
Post sustainability confirmation one may try 370 CE
BIOCON ( Ready for Marathon)BIOCON:
Few key points to note:
- Seems like Wave 4 is completed and Wave 5th have been initiated.
-Respected the Golden Ratio of the prior trend.
- RSI Bullish Divergence (Double Bottom)
- Support taken at 200 Weekly Moving Average & EMA
- Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages.
I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.
CHART & ANALYSIS – ADARSH DEY
Biocon Price Movement Analysis for 9 November 2021HELLO ALL, I am Shubham Chourasia. Heres my idea for biocon 9 NOVEMBER 2021. Basically its a intraday setup HOPE IT WORKS FOR YOU. thankyou and happy trading
BIOCON Breakout achieved Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BIOCON DAILY CHART H&S PATTERNBIOCON @ Daily chart,
After a breakdown of a range, has formed a H&S near the resistance.
Enter Trade after a breakdown of NECK Line of Head and Shoulder pattern.
Will update after the update of price.
SHORT SELL Biocon strong support at 320, yealy support.
if sustains go long
if breaks SHORT for huge profit.
Buy Biocon in range 339 to 367Buy Biocon in the range 339 to 367.Average Down at 221. SL 190. Target } 490+. Risk:Reward around 1.09
BUY BIOCON FOR LONG TERM - BULLISH MOMENTUMPrice moving from Monthly DZ
Take a position on CMP and will see a target of 400 420 then 450.
SL - Mentioned on chart
Trade is for education purpose only, do you analysis before trading.
BIOCONBreakout from a Symmetric Triangle and also
A sort of Ascending Triangle is being formed.
Awaiting Breakout.
Ride the change in sentiment with the bullish momentum kicking in.
MACD looks positive for a good up move.
