BIOCON NSE:​BIOCON

Continuation from previous trade. If it triggers long, sell OTM PE. If it triggers sell, sell futures.

Price action is looking bearish and it is getting ready to break out. Sell below 625 with the stop loss of 631. Targets are 619, 613 and 607.

A good move breaking the TL Keep stops at 617 and the move can take us to the targets mentioned on the chart

Bullish Bat Pattern in 4H Chart of Biocon Ltd. BUY around 607-609. (Target - 618, SL - 602, read below) I just started learning Harmonics, so I'm not sure about the Target and SL yet. Want to get comfortable first, in drawing patterns according to the rules and see how it works.

REFER CHART

- The trading decision need not be full of complex indicators, it can be as simple as this one. - Biocon is taking support at the lower end of the weekly channel - Note the volume picks up as soon as it reaches the lower end, a similar rise in volume can be acknowledged - MACD showing an upcoming bullish trend - Look for targets of 740-750

#BIOCON CASH 14 APRIL 2019 LOOKS GOOD ABOVE 634 STOPLOSS 628 TGT 639-640/648-650/660 CMP 629

Bearish Butterfly - Biocon - 4hr

DAY CHARTS SHOW BUY. TARGET-1 641 (RESISTANCE ALSO) AND TARGET-2 652. PLACE STOP LOSS AT 616.

Eventhough @Biocon shows good move, It can be pulldown if it didn't get buyers(demand). I mean there are 80% chances for fail breakout. To confirm it, short if the price closes below red line and if it shows less volume(less interest).

Bearish Cypher Biocon Prz - 621 - 624 Sl - 627 Target 1 - 617 Target 2 - 615

Bearish Shark/Alt Shark - Biocon - 4h

Bullish Gartley - Biocon - 4h

Good buying opportunity on Biocon, risk is less. SL can be maintained on 2ATR. 3/2 Risk Reward can be used with Lucas Base.

bullish divergence hammer in bottom..taking support at 590 level..taking 590 as stoploss can go long.

Up move is coming soon, which will have a good RR. Wait patiently and go for it.. but not now as it is not ready.. it is still cooking.. Happy trading.

Price action has reached the level where there are lot of support zones. Multiple support zones ahead. Movement will slow down to decide the trend direction.

WOW what a trade !! short sell Biocon with SL of 625 and enjoy a nice fall from here.