Trade Setup for BioconAscending Triangle is Formed in the Biocon Stock , Expecting a Breakout Soon .
Good Buy range is Above 370 only.
BIOCON trade ideas
Short BIOCONonce the trend line breaks, there is a nice opportunity to go short @ levels mentioned in chart.
Biocon Short!Range bound price movement!
with a confirmation candle short position can be derived and can get a profit opportunity!
A rookie trying to learn
feedback are welcomed!
BIOCON - Consolidation in Short RangeBIOCON consolidating in short rage between 356 & 367.
I'll go long if it break 370 with volume.
Pole Flag in BIOCONBIOCON is consolidating in 345-367 range for the last 10-12 sessions, breakout of either side given a very good momentum. put this in your watch list. Closing above 367 on daily basis gives a very good momentum towards upside. similarly downside as well 345 acting as a support, if it breaks it go upto 300.
Biocon Ltd. - Bullish TrendBiocon Ltd. stock is in a bullish trend. After a sharp rally it is consolidating in an ascending triangle.
RSI & MACD bullish.
Staying above mid bol 350, the stock may anytime resume up-move and once it breaks above upper bol 371 it can create a new high.
BIOCONTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
Short if breaks 347If breakdown from flag occurs the chances are price will drop.. If it price at support is rejected chances are it will bounce back...
