Bioconanalysis
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. :-)
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.
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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 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.
#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.
BIOCON - Trade after Breakout.Dear Traders,
As we can see Bio-con was in Channel Pattern and after it now it was consolidating in Triangle pattern. Today it has given Good Breakout with gap. Normally, people wait for gap to fill and after that they take the trade but here, buying is so good that people are buying without Gap Filling. Also, those who has patience and waiting for gap to fill will take trade during Retest.
So, This stock is good for 1 to 2 moth holding.
CAUTION : Please check Bank nifty and Nifty Charts before Taking any trades. As if they will act bearish our stock may too.
Happy Trading Guys. And like if you like the Content.
Simple Trade Setup | BIOCON | 02-02-2022 [INTRADAY]NSE:BIOCON
Observations:
1) On 1 day time frame, it is near the resistance zone. 380 is immediate breakout level.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it is trading and making accending triangle pattern.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 02-02-2022
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.
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 Possible Breakout on Daily ChartThe Pharma Index (Nifty Pharma) has been performing well since the past 3 months. Biocon is one of the stocks of Nifty Pharma. As per the analysis, Biocon has tested the same level (417-420) multiple times and any level when tested multiple times, becomes weak and price may breakout the level soon. Any up move from the supply zone will give a good opportunity to go long in Biocon. Thank you.