Bioconlong
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.
BIOCON BUY ABOVE 393BIOCON BUY ABOVE 393
SL 382 TARGET: 398, 402, 408, 412
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Biocon breakout for all trades !!!!!!!!!Biocon breakout for all trades
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
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)
Biocon from 7 May 2021Biocon is support zone --> buying recommended
UPSIDE TGT:
_ 390 -> 410
Stoploss:
_359
Buy Biocon near 477The stock has already given the breakout on daily candle and expecting to move further, one can buy near 477 for the targets of 499, 510 and 525.
Happy Trading!
InvestPro India Team
Biocon Buy for positional - Cypher PatternGo long for Biocon
Reason Cypher pattern Formed in Biocon and successfully reversed from point D
Target - 1 = 430
Target - 2 = 450
SL = 394
BIOCON buy Signal at 395 Don't miss thiswill go LONG on BIOCON because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
ENTRY : 395
FIRST TARGET : 402
SECOND TARGET : 417
STOP LOSS : 392
BIOCON - Major Upside BreakoutBIOCON - enter with stoploss of 528 and price target of 10%, 30% and 50% upside for Short, medium and Longterm
BIOCON - Ascending triangle bullish breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with good volume (not too high). There seems to be a similar breakout in the RSI as well. RSI is 54 which is in neutral zone. As per the chart it seems that the bulls are back in control post a substantial push from bears.
BIOCON: BUYOne year of channel Uptrend.
But notice the 6 weeks -yes SIX weeks - of lower lows since mid July.
#BIOCON - 1 hour chart bullishBIOCON - Bullish setup
1 hour chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
