BIOCON trade ideas
BIOCON GAP FILLING TRADEIf Biocon closes above red line then the Target 🎯 will be green line
Simple but it works ☺️
Let's see what happen
Market doesn't like gaps ,it will fill one day. Keep this stock in surveillance
Buy BioconBiocon take long above 411 TGT 445 SL 402. RSI forming +ve divergences. Goo risk to reward trade.
Biocon - Breakout of Rectangle PatternBuy Level = 400-405
Stop Loss Level = 395-398
Target 1 = 425
Target 2 = 450
It can fill the gap but please book 50-60% profit at Target 1.
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Price action analysis on BIOCONBIOCON was trading in a range for a few days now it looks like it is going towards uptrend.
Biocon Positional ViewBIOCON: Positional View
Range Breakout
Sustaining 408-413 can result in a good move
GAP Filling Possibility also there
Support at 404 and 398
BIOCON SWING LONG, ENTRY -408 , STOP - LOSS -390, TARGET -424, BIOCON SWING LONG, ENTRY -408 , STOP - LOSS -390, TARGET -424,
BIOCON LTDPrice struck at a small range for a couple of days and it has a high probability to break the resistance and move up in the coming sessions. However, watch out for the level 406.50, closing above this level will take 1st TGT of 420 and 2 nd TGT 450+ Meanwhile, short below 387 on closing basis for the target of 368.
Note: For educational purpose only, do not invest without your own research.
Biocon Reverts from the Upper Trendline of the Rectangle PatternBiocon Ltd had been trading in the rectangle pattern in a one-hour time frame. The share faced tough resistance near 406.75 level and is on its way towards its support near 386.90 level. TIthe pair recently reverted from the upper trendline and is now extending its journey southwards. In addition to this, the Parabolic SAR indicator is trading above the hourly closing prices, which further indicates the bearishness in the pair. Hence , traders can keep their target profit at 406.75 level, which is kept on the lower trendline of the pattern. Simultaneously, the stop loss for the trade can be kept at 386.45 level, on the upper trendline of the pattern.
target profit 406.75
Stop Loss 386.45
BIOCON CAN BE BUY WITH SL 382BIOCON looking for short term breakout and can be buy here and in dips up to 390 with SL 282
Biocon - Triangle pattern near ResistancePrice struck at a small range for a couple of days and it has high probability to break the resistance and move up in the coming sessions.
One can clearly see the triangle pattern marked exactly at the resistance. Wait for the price to break the resistance and go long.
Breakout - BIOCON above 403.40If it breaks out above 403.40 which is today's high then go long...
450/460 in 1 month or 3 weeks.
BIOCON "Swing Trade"Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
4.Gap Filling.
placing a stop-loss @ 375,
Followed by the Targets 1 & 2
