BIOCON trade ideas
[Positional] Biocon Weekend Strategy + RetestBiocon is at weekend 10 in D frame.
Also, Retesting neckline
Anyways, I will buy futures if the high breaks.
Also, will be selling a put spread. 340PE sell with 320PE buy or 300PE buy. Will take delivery on 320 break.
INVERSE H&S BREAKDOWNBIOCON breaking the trendline of Head and shoulder pattern on weekly charts suggesting big downfall on every rise. Short BIOCON FOR 360, 335 AND 310 levels. Sl should be around 420 on weekly closing basis.
Biocon - Expectation vs Reality :)Price just took the other way around. This shows the importance of stop loss in every single trade.
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No Buy or Sell calls strictly :)
Biocon Uptrend reversalPenic move on friday and touch short term support
Dont hurry to buy, trend is reversal,
Buy near to support @375-380. some reversal on short term on chart.
Buy only if RSI back from oversold zone
[Positional] Biocon SnR BetWill buy keeping stoploss at the line drawn as Support.
If it touches the SAR Point, I will do two lot ATM CE short at 380 strike price. (You can also do naked selling but it can reverse sharp so be cautious)
BIOCON Short....(Trendline BO)Below 435
SL 475
Target 405-395
Currently volume is not that great
Option play
420 PE Above 9 SL 3
Target 15-20
Or
400 PE above 4 SL 1
target 7-10
Part 1 Biocon(Weekly), finding stop for 4rth Wave (TF-W/D/30min)The price is finding the number of 4rth waves to stop and will travel for the 5th wave which exists at 388 nearby(38.2% retracement) or 360-378.
Let's assume that the 5th wave still remains then, the target should in the step by the previous important level as 468/488/506.
BIOCON trading levels for 22.01.2021Posting the same chart again levels only changed....
expecting a blasting
BIOCON - Fibo with Multi time frame analysis All The Levels And Patterns Are Marked On Charts, Red Zone Denotes Supply Zone And Green Is For Demand Zone.
sell at 455 or 460.
In small time frames, price is still making lower lows.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
BIOCON - Weakning !!!On the Edge of Breaking an Important support
Showing Signs of weakness on all higher time frames
If Market Bias goes negative then it can become a strong potential sell candidate
Biocon Ltd 15/01/21 FridayFrom past few days , price can be seen moving in the ascending channel. In today’s session price has crossed 200 and 50 EMA UPSIDE. There’s HIGH PROBABILITY TO ACHIEVE TARGET 1 . Also , If the 50 EMA crosses 200 EMA (upside-and sustains), it can become super bullish and can even achieve Target 2 and go above . PLEASE CHECK THE TREND BEFORE INITIATING A TRADE BY WHICHEVER SIGNAL YOU RELY ON . TRADE SMARTLY AND WISELY .
