BIOCON trade ideas
Biocon Bullish TrendBiocon reached strong support level and reversal from downtrend to uptrend with closed above EMA 20. Expected target level 374.
Educational Purpose Only NSE:BIOCON
BIOCON bullish counts in both casesBiocon on long term count has either completed wave 4 & started wave 5 up which can reach 780-1060 levels or its forming triangle in Wave 4 of which wave A is complete & we are rising in Wave B Up so in both cases prices should remain bullish as the moves unfold we can decide if its impulse or counter trend move at least a move towards 374 is possible in wave B view invalidates below 191.55.
I am not a SEBI Registered Analyst please consult your advisor before investing charts shared for education purpose only.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
BIOCON @ 232I expect big bull move in BIOCON
SUP: 191/12
TARGETS: 485, 612-666-778, 960-1029, 1142, 1298, 1435-1505
BIOCON: from swing to positional both set up appears on it1. False breakdown to trap sellers and price is back to above support
2. Have been in downtrend from a very long time, so a good pull back can be seen for swing trade perspective
3. If hold for long term, then considering the SL below the support and target at ATH, risk to reward is very lucrative.
BIOCON flirting with trend line resistanceBIOCON is showing signs of a breakout, so far volumes are not supporting it. For any entry into longs it would be better to wait for a strong candle with good volume support.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Pattern breakoutPerfect triangle pattern is forming in the biocon 15min timeframe, Trade only with the good volume breakout, With the good entry & Risk management.
Disclaimer: This analysis is only or educational purpose, Do your own analysis before trading.
VIEW ON BIOCONGood chart structure
Breakout on the stock
Target 239/242
Stop loss 225
I am just representing my views.
For educational purpose only.
BIOCON TARGET 242BIOCON breakout from the downward trend, it it sustains above 227 in day it will reach 242
BIOCON long BASED ON DATA ANALYSIS!BIOCON showing good momentum past 2-3days big player are active on 223 level will give good move!
Biocon bull shark Here provide technical analysis. Check fundamental also before investing
Bullish shark pattern
Fibonacci 0.618
High volume zone
( In this stock sl is big )
If stock retest then enter otherwise ignore it.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
BIOCON NEAR SUPPORT ZONESBiocon trading near it's hourly support zone @ 223 - 218 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BIOCON now at multi year supportBIOCON now available near 220-230 weekly levels which are multi year support range. BIOCON should witness at least 20% bounce from here to test it's 200WEMA. If falls below 210 on weekly closing basis the lower levels of 140 to 120 can be seen.
Channel Broken BioconBiocon continuesly making lower low zone
now weekly channel also broken by Biocon
What's does if means 🤔?
No new recommendations - only drawing to show Channel Broken out.
BIOCONIt seems at goo level. SL can be kept below 188 and if starts moving up then can be trailed for big target as it is monthly support so we can expect some good up move here
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = Biocon
Time Frame = 1 Day
BIOCON: FALL OF PHARMA$BIOCON is going down and will reach 210, if the current trend persists. Trend analysis showing the downtrend movement.
Biocon Monthly chart Elliot WaveBiocon monthly wave 1,2,3 complete and wave 4 process and again go upside wave 5
Wave 1 complet 23 month or return upside 463.17%
Wave 2 down side time 20 days or 138% return
Wave 3 upside time 102 month or 1814% retun
Wave 4 down side 27 month or 270 point down
A positional Long in BioconNSE:BIOCON
Hello everyone!
I noticed a trade in Biocon
Biocon is taking support at a long term trendline with a divergence in RSI
and stock is already corrected as well so I will prefer to buy in Biocon as a 1-year investment perspective.
My target will be 300 rs in biocon.
Let's see what happened.
Hope for the best!!
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