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BIOCON trade ideas

BIOCON : A Cup and Handle BreakoutIn this falling market BIOCON is showing a cup and handle Breakout with good amount of volume. Upside potential is 45% (approx.) ... CMP : 388 TG1 : 485 (High) TG2 : 570 SL : 329 TSL : Below 9 EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery . 3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:BIOCONLong
by SthitaprajnaYogi
3
Biocon Higher Lows and Key Levels Broken.NSE:BIOCON today made higher Lows and Broke Out Key Levels, with RSI and MACD showing a Bullish Momentum, a Swing up to 400 Looks Good and Postionally 450. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:BIOCONLong
by Karanshah137
Putting Price Action Altogether | BIOCON LIMITED ⚡️ Investing opportunity: Price Action Analysis Alert !!!⚡️ ⚠️Education Purpose only!!!! 1️⃣Biocon Limited Overview 📍Founded: 1978 by Kiran Mazumdar-Shaw 📍Headquarters: Bengaluru, Karnataka, India 📍Markets: Over 120 countries, including the United States and Europe 2️⃣Key Business Divisions 👉Generics: Produces generic APIs for global markets. 👉Biosimilars: Focuses on biosimilar insulins and monoclonal antibodies. 👉Research Services: Contract research and development via subsidiary Syngene International. 👉Novel Biologics: Develops innovative therapies for diseases like cancer, diabetes, and autoimmune disorders. 3️⃣Financial Performance ✅Net Loss: ₹160 million ✅Revenue: ₹35.9 billion, up 3.7% YoY. ✅Biosimilars Revenue: Increased by 11% (U.S., Europe). ✅Generics Revenue: Declined by 7.7% 4️⃣Technical Reasons to trade or Strategy applied :- ⭕️50 Day Moving averages shows strong Bullishness in Long-Term ⭕️Head&Shoulder Pattern Breakout ⭕️Breakout with strong Volume ⭕️Channel Pattern Formation ⭕️Upward Trendline for Resistance ⭕️Higher-Lows Formation before Breakout ⭕️Trendline Breakout too 5️⃣Key Takeaways ⚠️Strengths: Strong global presence and diverse biopharmaceutical portfolio. ⚠️Challenges: Recent profitability concerns due to pricing pressures and tax adjustments. ⚠️Growth Potential: Biosimilars and novel biologics present significant long-term opportunities. ⚠️Investor Consideration: Combine fundamental and technical analyses to assess investment decisions. ✅Check out my Trading View profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view
NSE:BIOCON
by ReviveTraders
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON ● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase. ● This phase led to the formation of an Inverted Head & Shoulder pattern. ● Following a recent breakout, the stock is now poised for upward movement. 2. Bharat Dynamics NSE:BDL ● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890. ● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains. 3. Apollo Micro Systems NSE:APOLLO ● The stock underwent significant consolidation after marking an all-time high near ₹161. ● With a fresh breakout, the price is now set to exceed its past high and make new highs.
NSE:BIOCONLong
by GoodluckCapital
5
BIOCON - Swing/Positional Trading opportunity This is a weekly chart to analyze the bigger picture in the stock One can clearly see that stock is in Stage-2 uptrend with both Key MAs sloping up Price bouncing from Key MAs (especially 40 week MA) Volume activity is also favorable as of now Relative strength of the stock is also high as compared to CNX500 on 52 week basis Instead of just jumping on to the stock the very next day, I would prefer to wait for a low risk entry so that I can have bigger position with lower SL size. This is not a recommendation. Pls do your own study before putting any money in any stock. Share this with your friends if you find this useful. For more learning stuff related to chart analysis, pls check out my other ideas (some of them are linked below) You can always reach out to me anytime for any query or feedback. Keep learning
NSE:BIOCONLong
by TradewithAditya
Amazing breakout on WEEKLY Timeframe - BIOCONCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:BIOCONLong
by Yoyohoneysingh93
Time to book profitsBiocon CMP 361 Trendline - the rising trendline is now resistance. Generally a sharp correction always starts after the stock hits this trendline from below. Fibs - the support at 61.8% from a larger swing is an indication of a stock whose bull trend is weakening. Hence the rally post that has to be watched carefully. RSI - The oscillator is in the bear zone on both the monthly and the weekly charts. Its a red flag. Elliott- to me this is the start of the C leg of the fall and should be deep. Conclusion - Investors should book profits. And traders definitely have an opportunity.
NSE:BIOCON
by singh17vivek