BIOCON looking is good it is in strong trend line support First target@295 Second target@318 Stop loss@255 Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading.
Biocon made a strong bearish candle on 8th January and gave closing below candle on 12th Jan. The stocks is sell on rise as per our analysis around 280 - 285 with the SL above 295 on closing basis. Targets are marked on the chart with green lines. Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on...
Biocon trading near it's hourly support zone @ 223 - 218 and expected to show a bounce towards marked targets on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Bearish trend on the charts Descending triangle Pattern break down 289 / 274
Perfect catch on hand. Ur smart to catch the Good RR, Isn't ?
Symmetric triangle catch on hand. Either side BO will take it to the next level. The view is bearish but still, we will wait for BO.
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...
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 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
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...
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
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
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 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.
From past few days , price can be seen moving in the ascending channel. In today’s session price has crossed 200 and 50 EMA UPSIDE. There’s HIGH PROBABILITY TO ACHIEVE TARGET 1 . Also , If the 50 EMA crosses 200 EMA (upside-and sustains), it can become super bullish and can even achieve Target 2 and go above . PLEASE CHECK THE TREND BEFORE INITIATING A TRADE...
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.