A parallel channel formation is seen in BIOCON on 1 hour chart. Note : For educational purpose only.
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 future, looks good for a small sell and big time buy for a long term. check the market and trade accordingly.
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. ------------------------------------- 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. Please HIT the like button, this motivates us to make more such analysis. For more such trading content follow us on ( @tradechefofficial )
Biocon Ltd - 04.02.2022 The stock is trading @391.65 levels The prices are above EMA There is a SUPPORT @377 levels There is a DOJI in Monthly Chart Let the prices go above 398 RSI is 57 in Weekly Chart Watch out for the price action
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...
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. ------------------------------------- Trade Setup...
Price 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 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
I 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...
NSE:BIOCON #BIOCON trading bullish all the levels marked on chart !!
NSE:BIOCON #BIOCON formed Rounding Bottom Post sustainability confirmation one may try 370 CE
HELLO 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
Trade is still active and targets are 330 and 290 Closing below 330 will definitely go to 290