Biocon is support zone --> buying recommended UPSIDE TGT: _ 390 -> 410 Stoploss: _359
"AFTER SUNPHARMA AND GLENMARK TURNING OUT TO BE A BIG TRADE" BIOCON IS TUNRING OUT TO BE A BIG TRADE BREAKING OUT OF THE ASECNDING TRIANGLE ON OTHER SIDE THERE IS A HUGE GAP BETWEEEN 442-426 LOOKING GOOD FOR UPSIDE "NOTE TRADE ONLY IF STOCK PRICE CLOSES OR TENDS TO CLOSE ABOVE 423 IN FUTURES" TRADE BIOCON FUT...
Educational Purposes!
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.
Go long for Biocon Reason Cypher pattern Formed in Biocon and successfully reversed from point D Target - 1 = 430 Target - 2 = 450 SL = 394
will 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...
BIOCON - enter with stoploss of 528 and price target of 10%, 30% and 50% upside for Short, medium and Longterm
Note: 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.
One year of channel Uptrend. But notice the 6 weeks -yes SIX weeks - of lower lows since mid July.
BIOCON - Bullish setup 1 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
#BIOCON - 4 hours Chart BULLISH BAT LONG setup POSITIONAL TRADE
buy Biocon@346-347 levels and keep target upto 349-350 levels. enjoy easy profit of 1% of your investment
BIOCON consolidating in short rage between 356 & 367. I'll go long if it break 370 with volume.