BIOCON trade ideas
BIOCON LONG IDEAENTRY AND EXIT IDEA AS PER CHART.
DISCLAIMER:Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stpcks or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Biocon's Short Term Play.Biocon broke the Trend Line in Hourly + Daily + Weekly Timeframe.
Stock will take a pause on the Monthly Timeframe.
Although Biocon looks bullish for the long term on the Monthly timeframe, we can see a pullback in the short term.
BioconLong in the range 388 -391
SL 381
T 395,401,406
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose and my personal view. Please take position after consulting your advisor.
BIOCON for 27/07/2020 - Falling from a breakout with good volume.
- Created a downside flag pattern on 15 min charts and broke out of it with volume
- Simple analysis, easy to understand
BIOCON LONGSIDE1) Fib level 61.8
2) Parallel Channel
3) Presence of divergence
Trade Strategy
Entry point= 408
Stop Loss = Below 400 ( Closing Basis)
Target = 440
biocon - downward??In my previous posts it was seen as a H&S pattern. But, after making a H&S within the head it has started moving down. That's how the stop loss was triggered in the previous post. But, overall movement is seen downwards
Trading is a skill not your Luck!Congrats to everyone who have studied my BIOCON pattern took the breakout entry and captured a huge move in intraday
People who have just watched it and learnt from it is also appreciating
This is the power of Price Action
If you are learning from my ideas and getting any benefit from it please like my ideas its a motivation for me.
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
Symmetrical TriangleSymmetrical Triangle observed in biocon 1H TF.
Stock is in an extended uptrend and will keep moving up for foreseeable future.
Long Entry at 332.50
T1 440
T2 446
SL 424.50
Given that the Pharma is in uptrend and Biocon is leading the pack, Downside is very limited.
Also Trend is a Friend.
Cute Pattern in BioconTo be truth this is one of my most favorite price action pattern to trade either side,
I shared it with you guys so that you people can take the benefit of breakout!
Have a happy trade!
Short BioconI hope you can now see how the Biocon represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
TRADE THE TREND AT BIOCON, PRICE NEAR TREND LINETake long position if it crosses the trend line with good volume or crosses the price range of 433-435. If it finds resistance at 433-435 price range or at trend line, the short by taking small targets, as it is an uptrend so shorting is not advised but shorting by having small targets is a good idea and remember it could come back to the lower trend line also.
