Biocon from 7 May 2021Biocon is support zone --> buying recommended
UPSIDE TGT:
_ 390 -> 410
Stoploss:
_359
BIOCON
BIOCON (Positional)Currently at Demand zone. With a small SL, long trade can be initiated for gap filling. Pharma Index is bullish and this stock might try to catchup with other companies soon.
Biocon_8% upside potential in short termDate: 30 March 2021
Biocon (CMP: 409) can go upto 440 in short term. Target and SL given in the chart
BIOCON - CMP: 379It has broken symmetrical triangle pattern and gave a bearish breakout on the daily chart. Stock is likely to take support at the demand zone. A price near 372 can be a good opportunity to enter in a long trade with a stop loss of 362. However, if it does not take support at 362, we can see further downfall till 340 as a target of triangle bearish breakout pattern.
Biocon 27/04/21 TuesdayClearly price is in downtrend from few days and may continue untill strong support is found, which is way down.
Trade Wisely and Smartly.
#Biocon Trade Setup for Wednesday (Positional Trade)There is a breakout level of 403, once it break
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You can for the target of 420 Levels
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Tomorrow Company will also declare their Quarterly Results
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So keep eyes on this Share.
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Learn More Earn More ✌️
Biocon- CMP 412.85Biocon- 412.85. It is one of the few pharma scrips yet to participate in pharma rally. It fell with huge volumes from 455 to 376 in 2 days on 21.1.21 after announcement of Q3 results and created gap from 422 to 442. Today it went up with huge volumes highest of past one month and closed at 413. It has to stay above 423 and fill the gap for going up. It is also following a upward channel and it can break the channel at gap level of 423. For maintaining upward trend it shall stay above 422-23 range. This may happen in next week, once it happens with volumes can go to 443, 455 and above. Its results are on 28.4.21. As per option chain also huge call build up at 420 which is acting as a resistance with 400 as good put built up will act as support. But at 420 call unwinding is happening and may accelerate further from monday onwards. Today its future Oi addition is also at healthy 10% which is also an indication of longs addition.
Biocon - 1st Trade Target Achieved ... Second Trade OpenBiocon - 1st Trade Target Achieved ... Second Trade Open
BioconBiocon is on a verge of breaking out of ascending triangle at key gap resistance level.
Above 425 stock will explode to kiss 442 - 464 - 473 and then will cross all time high.
BIOCON AT RESISTANCE 1HBIOCON is at resistance in 1H timeframe. If it gives a breakout will take a posiitonal trade for a target of 440.
BIOCON GAP FILLING TRADEIf Biocon closes above red line then the Target 🎯 will be green line
Simple but it works ☺️
Let's see what happen
Market doesn't like gaps ,it will fill one day. Keep this stock in surveillance
BIOCON SWING LONG, ENTRY -408 , STOP - LOSS -390, TARGET -424, BIOCON SWING LONG, ENTRY -408 , STOP - LOSS -390, TARGET -424,
Biocon - Triangle pattern near ResistancePrice struck at a small range for a couple of days and it has high probability to break the resistance and move up in the coming sessions.
One can clearly see the triangle pattern marked exactly at the resistance. Wait for the price to break the resistance and go long.
