We may look for buy opportunity for a short term. Target is 1000.
Biocon has broken long uptrend journey it retraced to 38% of fibo level and rebound, it is looking strong enough to go further upside up to the target of 975 in near term and resistance, 975 seems the deciding point whether go up or down. traders may enter long in biocon for short term target 975.
It is been observed on the daily chart that the price action reaches to resistance levels of 928-938 levels where it made a double top and facing a selling pressure as the prices dipping down and failed to break over the resistance. Now, it shall further breaks down below. Target1: 900 Target2: 880 Stoploss: 942
Trade : Short below = 913 Target = 902 Stop Loss = 919 Reward Points = 11 Risk Points = 6 " Happy Trading "
Biocon is giving long breakout above 868.20 it can go the level 877 if do not break 858 on downside.
Tommorow for Intraday, we can buy Biocon :- Target 1- 913 Target 2- 919 Target 3- 932 SL- 870
3rd Time short Biocon Now short at 880-900 Sl 950 tgt 800-750-700
Biocon after a long up trend journey seem to have established bearish trend, the stock looks week and approaching to its support 800.60 first target and 735.42 second target as fibo extension also indicate the support. risky traders may enter short in this stock at CMP, conservative traders may wait as stock may retest the resistance level again 920-930 and enter...
The stock was in good uptrend but formed a bearish Flag and gave breakout today with volume. My personal experience with bearish flag is not so good but still I would trade it. Let's see how it performs.
BIOCON May hit 930-920 from here but still in down trend or if today break 885 then stock will hit 800-750-700 also.....
Sell BIOCON at current market price 1010-1015 sl 1025 target 1000-990-980
It is been observed that the price action is consolidating and forming a Ascending Triangle pattern on hourly chart. It indicates a strong resistance level at 968 levels and prices action is retracing from this level. Therefore, it will be interesting to see how the price action works out tomorrow and if it breaks above it then it shall provide a higher big move....
It is been observed that price action failing to breach 970 levels due to selling pressure that limiting the price action to 970 levels where we could see a double top. Now it is a good time to short it with stoploss at 970 levels. It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected. Target: 935 Target 2:...
The price action is been trading in a leading diagonal pattern which is now indicating weakness as higher prices rejected by sellers and sellers are now in dominance. I would suggest to short this one on every rise. Target 1: 850 Target 2: 825 Stoploss: 940 Trade with care, thanks for your support.
Hello guys look at dis stock its totally overbought and from last three days there is daily one doji candle so am planning to sell dis stock ..look at chart for more details for trade dis stock allthings given there. Hit like if you agree with my view i really appreciate your support. Regards KING999
Biocon has had new closing high today and is looking set to test n break 899, which then will catapult the stock into 4 digits. Is it going to oblige ?