BIOCON trade ideas
BIOCON - Bullish DivgenceBIOCON can be a good swing trade, bullish divergence in daily chart frame (Price falling, RSI moving up).
Target may be its 200 EMA.
Biocon For Long ?1.Falling Wedge forming in weekly chart
2.Nifty Pharma Index is also bounce from support area
3.Stock is also bounce from demand area
4.RSI Divergence In Daily Chart
5.Stock is near 0.618
THIS ANALYSIS FOR ONLY EDUCATIONAL PURPOSE
-THANK YOU FOR YOUR TIME
ALWAYS PUT YOUR STOPLOSS 1ST
Biocon good to go😊There is a strong breakout comes from biocon and the target's for biocon now 400-500
Bullish crossoverBiocon make bullish crossover on MACD it can be buy with sl of 300, target is 420, 480, 500
Swing Opportunity in BioconGo Long above 366.35 for Targets of 382.65, 398.95, 415.25, 431.55, 447.85 and 464.15 with SL 350.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this there is a gap to be filled.
For Educational Purpose OnlyThis is the chart of BIOCON in Weekly TF
taking support at 200EMA
swing trade
Entry cmp
Sl 309
1st Tgt 418
2nd Tgt 476
Important Note: I am just sharing my view. Trade at your own risk
if you get BIOCON at 300 BUYYYYYif you get this stock at or under 300 buy put a stop loss of 150 and hold for targets of 900 in the next 5 years
there is no other business like it India
Biocon 1d Hi ,
DISCLAIMER : This for education and knowledge purpose Before taking any decision once consult with your financial advisor or do your own research. The channel would not be responsible for any financial gain as well as for losses. I am not SEBI registered.
BIOCON ANALYSIS 26.10.2021BUY : 303 TO 317
TARGET : 595
Reason For Buying This Script :
In monthly time frame it is forming a trend line channel line pattern & also it is forming fibonacci levels. Try to accumulate at this levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
BioCon Update!!!Trade is still active and targets are
330 and 290
Closing below 330 will definitely go to 290
BIOCON DAILY CHART H&S PATTERNBIOCON @ Daily chart,
After a breakdown of a range, has formed a H&S near the resistance.
Enter Trade after a breakdown of NECK Line of Head and Shoulder pattern.
Will update after the update of price.
Demand zone BreakdownIn BIOCON demand zone breakdown with heavy volume ...
And Supertrend also indicate SELL signal on weekly, daily & hourly in multi- time frame..
Next support of BIOCON is near 300 that is long trend line support
So in 4-5 days of span we can achive our 300 target..
BIOCON - Heavy downfall could be expectedNegative financial results reported could drag the stock further down the ladder. As the price has already breached the levels of 326, we could see levels of 316-309-296 on the down side.
On the buying side if the stock breaches the level of 333.35 we can keep targets of 337-350-357.
More focus would be on the selling side.
Biocon, BearishBreakdown in biocon with high volumes. My downside target is 300.
I am not a sebi advisor.
This chart is only for educational purposes.
BIOCONBIOCON near 200 EMA can be consider for long if sustain above 355-360
more weakness is expected if failed to sustained the next immediate support between 302-277.
Note. This is not recommendation. Kindly consult with your financial advisor.
SHORT SELL Biocon strong support at 320, yealy support.
if sustains go long
if breaks SHORT for huge profit.
Biocon Biocon has been the worst preforming pharma stock in recent times.
It gave a BD from parallel channel, But now has again managed to enter back in the PC
If it holds 368 levels can expect an BO.
Use fib levels for better entry exits
BIOCON ANALYSISBiocon is currently in a downtrend & taking rejection from 44EMA
- Plan 1 - Hold & exit at around 356 price level
- Plan 2- Exit if gives closing below 339 (Support)
- Plan 3 - Exit 50% now & continue holding the rest in a hope for reversal
Closing above 370 can change the trend
BIOCON 15 CHANCE CHART BIOCON 15 MINUTES 3 days continue down trend and today is consolidation day so tomorrow is big momentum chance
Falling wedgeGoing to boom
In good scenario Biocon can easily give 30% in short term
If there is a bullish Breakout entry can be made accordingly
If there is close below support no entries to be taken.
