BIOCON buy Signal at 395 Don't miss thiswill 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 reaches the resistance zone .
ENTRY : 395
FIRST TARGET : 402
SECOND TARGET : 417
STOP LOSS : 392
Biocontrading
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
Nearing all time high, 50 points move in 4 days.Price is super bullish and nearing All time high. After taking previous support price is moving super strong, within 4 days it moves almost 50 points.
Not the perfect time to go long, let the price gets settled then we will think about long option.
As if now one can scalp this script.
BIOCON - Ascending triangle bullish breakoutNote: 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.