Sell BIOCON below 387 tgt- 369 360 closing base sl- 398
How to follow our Ideas & earn maximum profit.
1. First & Foremost: This sharing is just my own study & research. Track or trade in it with 100% self-risk & responsibility. If not convenient then strictly avoid.
2. You should always keep the STOP LOSS. In the market only SL will SAVE YOU
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.
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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 ..
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 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