BIOCON LTD BIOCON

Chartworld1

Biocon has given a falling trendline breakout with decent volumes and is close to 200 EMA. Offers good R:R. RS 55 is also +ve so a long trade with 7-8% stop can be taken.

Trader_NishantK

Biocon is in uptrend. It is breaking the resistance line. Stop 350.

AnithaKuberan

Biocon watch out for Breakout. it can fly above 378

Astute_Dharini_Tradea

Soon one can expect a breakout from the consolidation of Biocon to come upside

Sanjaypulkute

biocon now ready for moon journey . biocon now on its weekly support level it touches 200 ema level and starting its natural trend upside so i think this trend is our friend so lets observe tomorrow's levels if it crosses 373.30 or maintain closing above 377 then its time to buy and hold

kleympermina

Hello Traders, Market is looking weak so be careful for creating any Bullish Trade, if market stays green for next few session look for BIOCON for buy as FIBO Support and Support zone favours buying opportunity.

FinancelY

BIOCON: Few key points to note: - Seems like Wave 4 is completed and Wave 5th have been initiated. -Respected the Golden Ratio of the prior trend. - RSI Bullish Divergence (Double Bottom) - Support taken at 200 Weekly Moving Average & EMA - Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages. I expect upside reversal in...

Dax1393

its a self explanatory chart Educational Chart for reference

arunvs2181

Biocon is forming a triangle pattern since dec2020. its perfectly shaped narrow and its going to breakout upper side. Already nifty is in correction mode once market in buy tread. at same exact time this stock also start to be in buy trend. Once the breakout is done after consolidation also over i am going to buy this stock. And my target is around RS420...

YS9

It seems at good support level and any close above 372 level will be good for pilot entry

MShree

Break Point at 380 Entry 380 Rs and more Target 1 : 420 Rs Target 1 : 420Rs

deep3390

It is forming good technicals. There may be a long opportunity in near future. Keep an eye!

ankitjalan64

Th chart in self explanatory with entry, stop loss and target point. Key Points : EMA, Volume , Area of Confluence, Fib and available at discounted value with great fundamental. Thanks

Market_Order9

NSE:BIOCON #BIOCON formed Rounding Bottom Post sustainability confirmation one may try 370 CE

sckeshari344

Biocon has been in corrected since Dec'20 and now its time to start accumulating it. As it looks like correction has completed. Target 1 = 426 Target 2 = 488 RSI is ~50 and we can see positive momentum coming in soon. RSI = 70 could also be taken as target bcoz since long time, we have not seen RSI >70 and stock reverse back after this point. 20 and 50 EMA's are...

MDstockmagic

biocon broke out the trendline with 3 white soldiers... and going for 3 wave up... 2nd wave completed near golden ratio 61.8% and bounced for 3rd wave.. breaking of high of 3 white soldiers will give more bullish mommentum

gagan7837

Biocon had reversed with Bullish Engulfing reversal pattern from the support. And given a breakout from the the Wedge Pattern. I am bullish on it and holding the positions. Whats your openions on this.

Market_Order9

NSE:BIOCON #BIOCON level shared yesterday bagged 7k profit per lot. All the levels with results shared for your reference.