Long bioconLong Biocon above 345 SL 332 Target 370 high probability to stock move upside after taking support. Explanation shown in the charts. This is for your educational purpose only.
BIOCON trade ideas
BIOCON EQUITAS EQUITY levels ...24/08/2021 (D candle)BIOCON...Correct time to buy...bcz now almost in weekly support...once closed this week below 327...exit other wise huge moment will expect
Biocon - A case study for Long Term InvestmentThis is the monthly chart. Recently Biocon broke the support levels of 360-365 and this resulted in a major 10% fall upto 330 levels.
For long term investors, the question that arises here is - Where is the next buying zone? From which price levels the stock will show a bounce back?
Here we will learn the use of EMA or Exponential Moving Average. Every stock respects a different exponential moving average and hence a single EMA cannot be used as a common standard. From the historical monthly chart, we can observe that the stock has been respecting the 50 day EMA (more than 3 times) in the Monthly Timeframe for the past 8 years. Now the stock is coming down to the 50EMA support having broken the 20EMA support zone.
Thus we can initiate a buy around 300 levels, where the 50 day EMA support exists.
When to buy?
We should buy only when we receive multiple confirmations. Those should be:
a. Stock respects the 50 EMA support.
b. Stock forms a bullish hammer or bullish harami candle from the 50 EMA support.
Only when these two conditions are satisfied, we can initiate a BUY on this stock.
BIOCON | Flag consolidation breakout occuring - 15%BIOCON | Flag consolidation breakout occuring - 15%
CMP : 417
SL : 400
Target : 445, 470
Biocon Stock Long Biocon above 378 with SL 362 Target 422. Stock is moving in the support zone & high probability to bounce back from this side. Entry after the Bo of support zone as marked in the charts. Also this time stock expected to Bo the high resistance zone. So keep trailing SL to gain the maximum profit. If stock BD below the level of 362 no entry to be taken .This is for your educational purpose only.
[ INTRADAY ] BIOCON SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell 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.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Biocon is at major supportBiocon is at major support
Consolidation is happening between 420 -- 370
Short term trend is down
Closing below support can trigger a sharp sell off
BIOCONBIOCON Has Traded on long flat time correction ,in pattern Analysis short-term sideways channel and taken support 385 , next move expect upside towards 412 in next 10 days
Biocon - buybuy from cmp to 383
easy taregt - 399
tg2 - 405.5
Disclaimer : This is my personal analysis for study purpose not intended for trading
BIOCON on trendline supportBiocon is on trendline support on Daily time frame and can expect bounce from here for 5-10% returns in short term, SL 384 DCB.
Note : Not a buy recommendation.
BIOCONStock is hovering around previous breakout zone, currently taking support on weekly time frame buy will be above 420 SL 400
BIOCONThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
Biocon - Range boundCMP - 409
Short position -
T1: 405
T2: 396
T3: Trendline market with T3
SL: 415.70
PS: Chart is self explanatory
