Biocon stock its looks like strong support zone in BIOCON in weekly time frame. May we can see a good rally for 80points in Biocon.
Note : All the given ideas are educational purpose only.
BIOCON trade ideas
BIOCONBiocon waiting for break this resistance level. if break successfully then reach next target price.
Long time target still in up side. .
BIOCON | 280 - 285 STRONG SELL ZONEBiocon made a strong bearish candle on 8th January and gave closing below candle on 12th Jan. The stocks is sell on rise as per our analysis around 280 - 285 with the SL above 295 on closing basis. Targets are marked on the chart with green lines.
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InvestPro India
Biocon - Bullish Monthy ChartsBiocon can hit All time high and need to be patient with this stock as well as fundamentals to be checked on your own..
Logically Breaking out in monthly charts at 265 range and can buy at current market price with targets of 325 and 407 in 2-3 months. Book 60% and wait till it crosses all time high of 488 to gallop to 600+ levels in 2-3 quarters.
Biocon Entry Exit LevelsBiocon has strong resistance and support levels follow them if you plan to trade. It is only for education purpose only
Biocon good for investment purposeHi sir
This is my view
biocon can generate good return within 3 to 4 years
best stock for SIP and mutual fund
BIOCON - SWING TRADE - 12th January #stocksBIOCON (1W TF) - Swing Trade Analysis given on 12th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout & Retest - Done ✓
- Volume Spike at Resistance - Done ✓
- Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #biocon
BIOCON in BUY Range !!Biocon looking good at current range of 230-240
mutual funds increasing
fundamentals decent
sales growth at 54% 6884 cr
profit grow at 35 %
Early signs of strengthFib- the short term trend in this counter is extremely bullish. Hence any dip is an opportunity to buy.
RSI- RSI taking higher support on hourly chart is very positive
positive divergence on the 15 chart is indicating reversal.
Conclusion- Buy above 283 on a 15 min close candle. T1 292
Trend reversal As per set up, MACD attempt to cross centre line with huge volume, and RSI is bullish, moving averages are positive, so from here, trend reversal signals are coming, looking good for next 6 months, levels 350 and 380 can be seen.
#Biocon : A sleeping giant awakening?#Biocon A sleeping giant awakening?
Breaking free! The downtrend seems to be fading, and whispers of an uptrend are in the air. Time to grab some before it takes off? #Bullish
CMP 291
Trendline breakout
Volume buildup
#BREAKOUTSTOCKS
#nifty #nse #pharma #Multibagger
#StocksToBuy
Biocon Longterm Downtrend breakoutBiocon Best Buy at dip
longterm downtrend breakout
concentrate if price sustain above 300 in daily
good move may happen
BIOCON makes a buy setup Breakout after about 3 yearsBIOCON has been making Lower Highs and Lower Lows for the last about 3years, on the weekly chart, as it dropped 60% between Dec 2020 high and March 2023 low. After that it made its first Higher Low during October 2023, and this week it broke its prior swing high thus making a Higher High. The latest move since March 2023 is also marked by volume support as the bullish volume bars are much bigger than the bear volume bars indicating possible institutional accumulation. The balance of probability now looks to be to the upside.
Only personal analysis. No recommendation. For any market action please consult your financial advisor.
BIOCON#BIOCON has broken out of the range on the weekly chart. While there's a minor resistance, as indicated on the chart, the high volume and strong relative strength lead me to anticipate the stock absorbing the supply and reaching new highs.
BIOCON out of Ventilator and at 52 Week High🔥🚀BIOCON out of Ventilator and at 52 Week High🔥🚀
Reasons for bullishness:
1. Volume Build Up
2. Broke Monthly Resistance
3. Broke Ascending Wedge
🔷CMP: 282
🔷Support at 270
🔷Heavy Resistance at 340
Biocon Weekly chartBiocon weekly chart shows good move with volume, trendline breakout & closed above previous swing. One can add this for short term/long term in portfolio. SL is little big so quantity management is most important.
Amazing breakout on Weekly / Daily Timeframe - BIOCONCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
Huge consolidation with a good volume. Looking for a quick upsid#Biocon is consolidation in the tight range and recently broke the parallel channel.
Quick up move is on the table.
BIOCON C&H PATTERNBIOCON breaking c&h pattern
with huge volume and good rsi
trading above all key ema
educational idea only
BIOCON BEARISH PATTERN biocon formed bearish pattern.
This is channel pattern downside Breakout so this is Trend Reversal in to downside. It will some Retaresment happens will take short Entry @259 and strictly maintain stoploss @266 first Target is 240, second Target 219
$NSE:BIOCON Only SIP when the herd is fearful for WealthNSE:BIOCON Only SIP when the herd is fearful for Financial Freedom
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
