Biocon monthly wave 1,2,3 complete and wave 4 process and again go upside wave 5
Wave 1 complet 23 month or return upside 463.17%
Wave 2 down side time 20 days or 138% return
Wave 3 upside time 102 month or 1814% retun
Wave 4 down side 27 month or 270 point down
Biocon trading near it's hourly support zone @ 223 - 218 and expected to show a bounce towards marked targets on the chart.
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InvestPro India Team
both side potential
wait for box breakout
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
Hello Everyone,
BIOCON Chart is on 15 min chart in channel,
looking for good intrady trade
watch levels now on support zone, if sustain on support level 230 then we will see next coming week again go up most resisistance zone,
but if break support level with huge red(Black) candle then will go down next support zone 224
*NOTE- we are not provided tips and...
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
Hi
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...
Biocon is at important levels. Keeping a close watch. Analysis has been updated on the chart.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
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...
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.
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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...
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...
BIOCON Formed Descending Triangle Pattern. Wait for proper breakout and retest and based on that, one can look for entries.
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![BIOCON: Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]](https://s3.tradingview.com/w/WbPNbm3n_mid.png "Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]")
