BIOCON trade ideas
Horizontal line with crucial resistance break.. This is good for long. Upto 10% or 10%+ target
With stop loss of 4%... R/R is 1:2
Use your knowledge for entry &exist...
Education purpose only...!!!
biocon biocon just broken bearish trendline on daily timeframe
also taken support on bullish trendline
400 will be major resistance
Biocon Monthly bullish - pivot tgtBiocon Monthly bullish
Positive Divergence - Above 50
Long Term TGt - Pivot tgt
BIOCON As you can see from the charts of BIOCON , The structure looks promising and very bullish. Yesterday it gave a good volume breakout and today it retraced as well near its support. Hopefully, above 386, it can give a very good upside momentum . ( Plz comment your views)
Biocon - Falling wedge pattern breakout Biocon looks promising for long
Reasons:
1. Falling wedge pattern breakout
2. Rectangle pattern breakout on daily time frame
3. Sector bullish (Pharma)
4. RSI bullish
5. Breakout has volumes
Disclaimer for learning purposes
Falling Wedge Breakout. Long!!Breakout of falling wedge in weekly time frame. monitor and enter.
SL:342
Entry:360-370 at dips
Tar1:424
Tar2:460
RR:1:2 almost
Trade at your own risk
#REVERSALBiocon Weekly Chart
A reversal from 61.8% fib level and a break abv the resistance trendline gives a good opportunity to go long with a Stop-loss at 345 daily close
Targets can be ATH (485) and 590..
Disclaimer: Educational view
BIOCON - Buy at CMPBiocon is holding an important super level. But at cmp for a good risk to Reward ratio.
Head and shoulder pattern Head n shoulder pattern can be form on weekly basis and also form lower lown higher High near trendline of weekly basis once break trendline can be move upto 480 levels
BIOCON LOOKING STRONG FOR POSITIONAL AND SWING TRADE. their are many confirmation like head & shoulder + resistance = support in monthly chart+ resistance is tested many times become weak in hourly chart + trend line will also . JUST IT HAS TO BREAK THE RANGE.
Biocon can be longBiocon has been in corrected since Dec'20 and now its time to start accumulating it. As it looks like correction has completed.
Target 1 = 426
Target 2 = 488
RSI is ~50 and we can see positive momentum coming in soon.
RSI = 70 could also be taken as target bcoz since long time, we have not seen RSI >70 and stock reverse back after this point.
20 and 50 EMA's are supporting price on both Daily and Weekly timeframe.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Biocon-Breakout of falling trendlineBiocon has given a falling trendline breakout with decent volumes and is close to 200 EMA. Offers good R:R.
RS 55 is also +ve so a long trade with 7-8% stop can be taken.
BIOCON ready for moon walk biocon now ready for moon journey . biocon now on its weekly support level it touches 200 ema level and starting its natural trend upside so i think this trend is our friend so lets observe tomorrow's levels if it crosses 373.30 or maintain closing above 377 then its time to buy and hold
BIOCON LTD OPPORTUNITYBiocon is forming a triangle pattern since dec2020. its perfectly shaped narrow and its going to breakout upper side.
Already nifty is in correction mode once market in buy tread. at same exact time this stock also start to be in buy trend.
Once the breakout is done after consolidation also over i am going to buy this stock. And my target is around RS420 /-.
Add this in your watchlist and wait for right time.
DISCLAIMER: THIS IS MY PERSONEL OPINION. AM NOT A SEBI REGISTER ADVISOR.
