Enter Long in BIOCON if crosses above 630 (Aggressive Trader)
Enter Long in BIOCON if moves above 636
Target 1 - 648
Target 2 - 660
Target 3 - 680+
Last Swing (Higher low) 610 acts as a Stop- loss
*RECOMMENDED FOR POSITIONAL TRADE
Biocon Buy above 633 with the SL of 614 for the H&S (in 1 Hr Chart) Target of 660 -670
And you can hold for further upside with Trailing Stoploss as it is a Triangle breakout in Day chart.
Its my view for my trading purpose. Please refer and take your own Trade with proper SL/Risk.
Thanks & Regards,
Holy. we often see bull traps, here is one heck of a bear trap. almost on the edge. last i said last time, we could see a bear trap , the pattern will negate and immediate resistance around 623-628 if taken will open doors for 650-700... next day or 2 sessions are imp.. lets see if it breaks on upside.