Investment Logic: It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow. signed a partnership agreement with...
#Biocon cash -Positional call 24.04.2024 Looks good above 296.10 Stoploss 270 Target 330/360 (Cup and handle breakout pattern) Cmp 289.60
clerly uptrens st buy NSE:BIOCON st te buy aya hai vaise buy nahi karna kyuni ki moving avg not tenidng
After taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.
Date 28th Feb 2024 MACD showing HL while Price A. Showing HH, This Indicates Sellers are Exhaust. but still can't make new Higher Low in Price Action, means buyers are in Command now.
Date : 09-03-2024 NSE:BIOCON --------------------------------------------------- Buy Biocon above 304 Target of 316-335-355-374-394-425456 SL 218 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks Please consult your financial advisor before investing All research for educational purposes only.
Biocon is done correction for the 4 hr and can breakout in April or/and may and my target is 500 and can be trail upto 550 .
As you can see that its consolidate from last few weeks and try to break 300 mark after break it will touch 310-320-330 soon..... research on it and invest
If the stock is forming an M pattern on a monthly time frame then there are good chances to complete the M pattern, this is a risky trade to watch.
BIOCON- VCP in Making X weeks X Range above 144 1) Strong VCP 2) Good Trendlines 3) ready breakout
symmterical triangle pattern MACD crossing above zero line price>3>6>18>50>200 EMA stop loss and taregt marked
Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss. The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide...
#Biocon #Momentumstock #Swingtrade #BreakoutCandidate BIOCON : 200 EMA Breakout Soon >> Momentum Stock >> Bottomed-out Stock >> Good Strength & volumes in stock >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by...
In the Weekly Chart of BIOCON , we can see that, it is ready for Inverted Head & Shoulder breakout. Also, it is looking very bullish. Trade as per your risk ratio.
A CWH pattern has emerged in the weekly chart of BIOCON. The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high. Additionally, there is a technical formation of both a CWH pattern and a Volatility...
After Dec 2020, the breakout on following fronts are observed. 1. Falling Wedge breakout 2. W pattern breakout. 3. High volume spikes at breakout What makes it a buy at current levels is its retest and hold in falling market. This is for educational purpose. Targets are mentioned in chart itself.
In Uptrend Trendline Correction average 10% Strong Support Near 256 200 MA Support also there Near 255-260 in Hour Time Frame it will be oversold
BIOCON looking is good it is in strong trend line support First target@295 Second target@318 Stop loss@255 Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading.