BIOCON in full bear gripShort Biocon 308, on every rise till 314 for tgt of 295/280. Invalid above 319 closing basis
BIOCON trade ideas
Looks like Sellers have gone tired!!!!!In the Weekly and Monthly time frame, BIOCON is adhering to a pattern as shown in chart.
TAKING SUPPORT AT THE TENDLINE...
We can enter the trade now( for risk takers)... if it doesn't move as per plan, we can exit with small loss.
For low risk ones - Lets wait for a Bullish weekly candle and enter 25% (since its just one of the ways it can move, we can"t predict/ time the market).
After forming HIGHER LOW , positions can be added by another 25%
After breakout, balance 50% can be added.
Strict STOPLOSS must be WEEKLY CANDLE CLOSING BELOW 284.
THIS SCRIPT IS LOOKING DAMN GOOD FOR SWING,INVESTMENT AND DAY TRADING( in the coming days) PURPOSES TOO.
Note- Just Sharing my view....not a tip nor advice.
BIOCON formed a symmetrical triangleAfter breaking down the symmetrical triangle pattern and level of 300 we can expect a good fall in biocon… here are some important levels…
Ascending triangle Formed in BIOCONPrice first broke down its important level but is now trying to move up again if it will give closing above 306 then we can expect a good up move but if it will break down trend line Then there could be a downfall again (not big)
[Basket] Biocon Compression Breakout BetPersonally, I will not keep stop loss and I have already entered it. You should follow this proper trading plan.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Biocon Giving bounce from supportDo your own analysis before buying and selling this is just for educational purpose.
hope you like it
keep it simple
supply demand conversion zone
** This is a weekly time frame analysis (it is not like one buy and price start to move , it takes time to fly)
** Biocon is seating at demand zone (300-280)
**Stoploss -258-263
** targets_ 1st-382, 2nd- 426,3rd -483
This is simple setup for medium term swing trade ( success rate - 58% but reward are multifolds)
One should apply this strategy and find their own way to enter and exit.
Bioconparallel channel in biocon is smooth from bottom....will it be able to act properly from top as well. can we expect it to touch lower end of the channel now
BioconAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading😊
Biocon a nice pick ?NSE: BIOCON
Hello guys today after seeing the chart i got these things
1. If goes down then target could be taken at 309 as a target
2. Can be down as the Rsi Is also high and in the overbought zone
3. A Trend line is also showing to make a rising wedge and shows up also a sell signal
4. Time Frame :- 15 mins
Conclusion :-
A resistance which is at the current level i have told it shows some forecasts that could be down and could followed by the market also i also got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
Biocon - Double Bottom AnalysisBiocon
In an hourly time frame Biocon has been observed Double Bottom Structure. As per the chart pattern, If trend continues on higher side, It might reach the next resistance level of 336-345
Looks ready to fill up minor gapsmultiple testing looks done short term positions can be added for lower levels , gap fillings in progress.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
BIOCON will boom Biocon formed a W pattern in daily chart.
Entry level 316
T1-320
T2-330
T3-342
Time frame 2 months and traders can buy in option
entry at 310 ce aug at 12
sl 9
T1-16
T2-20
T3-24
Double Bottom pattern in BIOCON.Discription:
Stock Name: BIOCON.
Chart Pattern: Double Bottom pattern
Time Frame: 1D
Entry: Reversal @305-310
Breakout above 340+
Targets: Reversal Target 340
Breakout Target 375+
Biocon ltd analysisSymmetric triangle catch on hand.
Either side BO will take it to the next level.
The view is bearish but still, we will wait for BO.
BIOCON SHORT-TERM SWINGBIOCON short-term swing -a good opportunity
BUY 330-332
Stoploss - 324
Target - 345, 350, 360
BIOCON Rounding Bottom !!NSE:BIOCON
#NSE:BIOCON formed beautiful rounding bottom.
Good above 322
Happy LEarning !!
BIOCONA parallel channel formation is seen in BIOCON on 1 hour chart. Note : For educational purpose only.
Biocon...Biocon... on a weekly time frame looks at a strong support and the candle also indicates a hammer kind of formation.
