Biocon - Intraday - Descending triangleBiocon:
Intraday View
Descending Triangle Pattern
Short Below 426 with a SL of 430.5
BIOCON trade ideas
Biocon Stock to take the short entry IntradySell biocon below 426 TGT 413 SL 435. Negative divergence .TL broken given confirmation to take short entry. This is for your educational only.
BIOCONDoji formation on Tuesday, Wednesday and bearish red candle today and Fib 61.8 also out.
Go short with SL @444 for target 414 in October 2020 expiry.
#BIOCON CASH : LOOKS GOOD ABOVE 445.10#BIOCON CASH
21.10.2020
BUY ABOVE 445.10
AND DIPS 442
STOPLOSS 439
TGT 449.50-450/455
CMP 439.60
Biocon - The Rise of Beaten Down !!The triangle pattern in the channel pattern indicates either a breakdown or breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
INTRADAY LEVELS for WEDNESDAY 21/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade.
BIOCONMy analysis... The high and lows of the candle formed on 15 Oct 2020 haven't been touched yet... So, I am expecting some move if it breaks the respective candle either side... The stock has been moving in a channel like pattern...
Next BUY TargetNext Stock to buy ......Just Check Fibonaci Retracement.....Healthy Retracement is 0.618.....Waiting for that
BIOCON buy Signal at 395 Don't miss thiswill go LONG on BIOCON because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
ENTRY : 395
FIRST TARGET : 402
SECOND TARGET : 417
STOP LOSS : 392
Biocon#biocon is at crucial level 431 is the key level... any sign of Bullishness from here can be entered with small SL...
Long above 464Long above 464
wick is issue here but if breakout given above good volume than migh see good upmove
decent volume seen in last few days
support at 370
BIOCONIm not an expert im just sharing my views on BIOCON for tomorrow
Im not responsible for any profit or loss this is not a recommendation
[Turtle] Biocon Weighted StrangleBetting on consolidation and "maybe" breakdown.
Short Biocon 440pe at 15
Short Biocon 450CE at 21
Short Biocon 480CE at 10.4
Not expecting huge "shoot up". Keep margin for one more option sell in hand. I will update if I change anything.
