BIOCON
Live Challenging Stock Market Analysis BIOCON Buy @ 400.60Market Analysis
Live Challenging Stock Market Analysis BIOCON Buy @ 400.60
Target @ 473.40
#sharemarket #biocon #Nse #stockmarket
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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Tradingwithtamil
Biocon Monthly Demand Zone Trade SetupBiocon monthly demand zone trade is marked on chart. We can take trade near Proximal line and below distal line we can set stop loss.
Best way to find out lower time frame demand zone in between higher time frame. In this case stop loss will be small.
I have marked both trade setups. Hight time frame frame (monthly) and lower time frame (daily)
TRIANGULAR BREAKOUT + SUPPORT & RESISTANCE OPPORTUNITY IN BIOCONThe stock has formed a descending triangular pattern which is about to witness a breakout.
The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively.
Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425.
If the resistance is broken with good volumes, the stock can move towards 450, 475, 520 levels soon.
//important levels are shown in the graph.
Buy at - 390
SL - 368
Targets - 420, 455, 475, 550.
GO LONG WITH BIOCONBiocon having strong support @ 360 lvl. If Price drops with low volume on closing basis then price surely bounce back strongly and if price drops below 360 lvl with high volume then its confirmation for further downfall.
Minimum Target for 460 lvl.
Like and comment if you like my idea..
For study purpose only..
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.






















