#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 trade ideas
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.
Biocon || Possible Long OpportunityIt is forming good technicals. There may be a long opportunity in near future. Keep an eye!
BIOCON : FIBO SUPPORTHello Traders, Market is looking weak so be careful for creating any Bullish Trade, if market stays green for next few session look for BIOCON for buy as FIBO Support and Support zone favours buying opportunity.
Biocon.. 3 white soldiersbiocon broke out the trendline with 3 white soldiers... and going for 3 wave up...
2nd wave completed near golden ratio 61.8% and bounced for 3rd wave..
breaking of high of 3 white soldiers will give more bullish mommentum
Bullish Engulfing Reversal + breakout Biocon had reversed with Bullish Engulfing reversal pattern from the support. And given a breakout from the the Wedge Pattern. I am bullish on it and holding the positions. Whats your openions on this.
Favourable Risk & Reward 1:5 + Volume Surge + EMA 200Th chart in self explanatory with entry, stop loss and target point.
Key Points : EMA, Volume , Area of Confluence, Fib and available at discounted value with great fundamental.
Thanks
RESISTANCE AND SUPPORTBiocon looking good for upmove given closing above 50 ema also strong looking stong after 373 imp levels Drawn @ chart
NSE:BIOCON Rounding BottomNSE:BIOCON
#BIOCON formed Rounding Bottom
Post sustainability confirmation one may try 370 CE
biocon - falling wedge, upper trendline broken within wedgefib 50% retracement, falling wedge and dynamic resistance broken immediate upside 3-4 %, much more after wedge is broken (target will be updated later)
BIOCON ( Ready for Marathon)BIOCON:
Few key points to note:
- Seems like Wave 4 is completed and Wave 5th have been initiated.
-Respected the Golden Ratio of the prior trend.
- RSI Bullish Divergence (Double Bottom)
- Support taken at 200 Weekly Moving Average & EMA
- Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages.
I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.
CHART & ANALYSIS – ADARSH DEY
Biocon Ltd-Symmetric Triangle Biocon Ltd is moving inside symmetric traingle in weekly & daily timeframe.
We can expect Breakout, just keep an eye on it,
Its target can be
T 1 - 410
T 2 - 450
