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Bearish Bat pattern on Daily Chart of BIOCON. SELL 299.5-300, SL 310.1, Target(s) - 291.5, 287. 0.886 comes at 301-302 but there will be some psychological resistance in the stock around 300.
CURRENTLY AT 50 % LEVEL WHICH IS VERY IMPORTANT IF IT BREAKS IT ON CLOSING BASIS IN 30 MINUTE CANDLE GO SHORT TARGET GIVEN WITH ARROW NOTE:TRADE AT YOUR OWN RISK
This is at a good level to enter. One can enter on a pullback and around or above 281. We can see 290/300 in a few trading session. Price action wise no hurdle between 280 to 300. Good SL will be 278-275 depending on your risk reward.
BIOCON WILL TOUCH 294 LEVELS SOONER ENTRY LEVEL.......BUY WHEN IT WILL CROSS 280.50 N HOLD AT LEAST 5 MIN... KEEP A STRICT STOP-LOSS OF 277 ON DAILY CLOSING BASIS