A positional Long in BioconNSE:BIOCON
Hello everyone!
I noticed a trade in Biocon
Biocon is taking support at a long term trendline with a divergence in RSI
and stock is already corrected as well so I will prefer to buy in Biocon as a 1-year investment perspective.
My target will be 300 rs in biocon.
Let's see what happened.
Hope for the best!!
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Positional
PNBHousing looking bullishPNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain.
However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing.
630 is an immediate resistance above which it can test the 675-750 levels in short to medium term. So, you can keep the stock in watchlist.
Sharing this idea only for educational purposes and its my personal opinion.
Piramal may be a good pickThe stock is trading in a price range for the last five months. This time again at the lower levels. If able to sustain above 780 levels, may be bullish in coming sessions. The buy scenario is open only above 780. Keep it on the radar.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
copper positional sellMCX:COPPER1! Daily macd crossed below zero line with double top in price action. one bounce on 4 hrs chart timeframe near 760-765 is best selling zone the trg of upto 700 in month of March contract. do your own analysis before trade. This is my personal observation and not a trading recommendation.
NIIT LTD --POSITIONAL NIIT LTD-- DAILY CHART --POSITIONAL --TRADE SETUP
1. Daily chart seen trendline breakout at todays candle with good volume
2, Rounded bottom chart formation
3. currently strong pullback seen on oversold level
4. trix line bullish crossover seen on chart
5, one can enter at 325-335 level for target 350-375-400 POSITIONAL ( 1 month ) stop loss bellow trendline support at 275-280
6. stock has good quarter result at current quarter as fundamental back with technical pullback .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. TRADE AT OWN RISK !!
HAPPY TRADING .!
HCL TECH --POSITIONALHCL TECH ---POSITIONAL-- DAILY CHART
1. HCL TECH seen trendline breakout on daily chart at todays daily candle
2. Stock seen double bottom formation at 880 sub level before breakout done today
3. trix line seen bullish crossover at current level .
4. one can BUY 935-945 for positional target 1000-1050-1100 ( 1 Month) Stop loss can be place bellow double bottom level 875
THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk .!
HAPPY TRADING. !!






















