BIOCON | 280 - 285 STRONG SELL ZONEBiocon 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.
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InvestPro India
Bioconshort
Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]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.
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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 first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#Biocon Candle base Trade 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 their trade set up.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BIOCON - Fibo with Multi time frame analysis All The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone.
sell at 455 or 460.
In small time frames, price is still making lower lows.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Biocon Short (Weekly)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 .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BIOCON short signal , Rectangle patternI will Short BIOCON on because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the resistance (upper end of rectangle ) and may reach the support zone (lower end of rectangle ) .
Target would be the Support area . Book profit when it reaches the support zone .
Entry - 457
Target - 410
Stop loss - 467
Short BioconI hope you can now see how the 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 favour.
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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BIOCON SHORT INTRADAYBearish trend analysis, Detail within chart. BIOCON
This idea is an Intraday call.
THIS short position is recommended to be taken within 10-30 min of publishing the idea. Intraday position vary to frequently and you need to be vigilant and active in taking Intraday trades.
*DISCLAIMER*
Trading equity (or any other financial market) involves substantial risk, and there is always the potential for loss. Your trading results may vary. No representation is being made that any associated advice or training will guarantee profits, or not result in losses from trading.
BIOCON LOOKS BEARISH ON CHART AT 200 HOURLY EMAHello all..!!
Looking from the chart, Biocon have come near resistance zone. I have come to conclusion this stock would start downward journey.
What's your view on this stock write in comments ..
Disclaimer:
I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
Biocon : Inverted Cup and Handle? Can someone please validate? Biocon price seems to have formed inverted Cup and Handle on a monthly candlestick chart. This is on the slanted price movement. Handle has reached 50% of depth of cup. Any significant upmove may invalidate inverted Cup and Handle. Need some more insights on Inverted Cup and Handle