Biocon monthly wave 1,2,3 complete and wave 4 process and again go upside wave 5
Wave 1 complet 23 month or return upside 463.17%
Wave 2 down side time 20 days or 138% return
Wave 3 upside time 102 month or 1814% retun
Wave 4 down side 27 month or 270 point down
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...
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...
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
BIOCON @ Daily chart,
After a breakdown of a range, has formed a H&S near the resistance.
Enter Trade after a breakdown of NECK Line of Head and Shoulder pattern.
Will update after the update of price.
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:...
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...
I 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
I 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...
Bearish 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...
Hello 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...
![BIOCON: Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]](https://s3.tradingview.com/w/WbPNbm3n_mid.png "Simple Trade Setup | BIOCON | 07-04-2022 [INTRADAY]")
![BIOCON: BIOCON Short Trade [POSITIONAL]](https://s3.tradingview.com/q/qSmoDqE2_mid.png "BIOCON Short Trade [POSITIONAL]")
