BIOCON trade ideas
Biocon trading in the channellets wait to either BD or BO from the channel range. Will get good opportunity to trade with good risk to reward ratio. as per charts seems it will BD. do not jump lets wait & take trade after confirmation.
This is for your educational purpose only.
BIOCON Reversal - Volume Spread Analysis + Volume ProfileLong BIOCON at PoC - 406.5
SL - 395.6 on closing basis
My view on Biocon.The Fibonacci retracement (50% ) is at in and around 217.
The short term looks bearish. (1-3 months)
However from a long term perspective the share can be bought on every dips.(2+ years)
BIOCON - STOCK AT IMPORTANT SUPPORT - end of bearish channel?ARE WE SEEING THE END OF BEARISH CHANNEL AND RISE FROM THE SUPPORT? RSI is slightly raising or atleast maintaining the levels
[Buddha] BIOCON Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Biocon#biocon followup... be cautious, below 410 more pain ahead, above 420 only bullish run may be there....
Biocon Stock to take the long entry.Long term trend of the stock in bullish mode. On daily retracement expected to be complete. Long above 418 TGT 452 SL . Good risk to reward ratio 3:8. +ve divergence. Entry will be taken after the confirmation of green candle above the resist level.
