watch daily candle until breakout of 380 and wait for retest, let see what's going to happen.
The 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...
BIOCON BUY ABOVE 393 SL 382 TARGET: 398, 402, 408, 412 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
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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 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 is support zone --> buying recommended UPSIDE TGT: _ 390 -> 410 Stoploss: _359
Biocon has broken out of a TL in D TF. Taking good support over 385-88 zone..
NSE:BIOCON
The 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
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Biocon long, consolidation breakout, trail SL @ 475 closing basis.