BIOCON just did a Sharp Reversal in a demand zone & might continue the rally further.
Entry : 520 <=> 525
Stoploss : 3% (Closing Basis)
Basic Target: 580
if you have any queries regarding above idea or any other stock feel free to D'M
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As per elliott wave perspective Biocon currently trading in its wave C with internal five wave structure. Fifth wave of "c" is also forming internal five wave and about to form falling wage pattern. Any sign of pullback will give strong short term trading opportunity in this stock and I expect stock may jump towards 560 - 575 which is 38.2% and 50% fibonacci...
A BUY SIGNAL GENERATED IN DAY CHART/
IF TODAY'S HIGH IS CROSSED (534), THEN EXPECT THE TARGETS OF 559 AND 589 IN THE COMING WEEKS.
MAINTAIN STOP LOSS AT 510.
Bullish Shark pattern on 2H Chart of BIOCON. BUY 512-514, SL 507.7, Target(s) - 518, 520.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
Buy above 561 (15 minutes candle close) with stop loss below 550 for target 590
Volumes have been spiked in last couple of 15 minutes candle indicating activity from traders for directional view. It has again reversed from 558 level which a retracement resistance. If it crosses 559 with volume and close above it on 15 minutes candle then major move can be...
Buy Biocon at 545--543 SL 537 target 558-560 or Buy above 561 with stop loss below 548 for target 585
Biocon has bounced from the trendline drawn on daily chart. Volume in last 2 days are good. MACD has turned positive but still bill signal line. Hourly chart is showing positive divergence on MACD and also crossed signal line. 560 is the resistance above which it...
One can buy BIOCON for a target of 50% fib level .
I think tomorrow we will have a great upside on this stock as we can see a great buying activity on Friday but FIIs I assume tommorow we may ride up and this stock can give us some good bucks .
Perfect breakout after a long downside with volume.
Follow I like my analysis !!
One tip for tomorrow you can also buy...
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BIOCON
![BIOCON: [Positional] Biocon Cup and Handle Idea](https://s3.tradingview.com/8/8JQJ3afm_mid.png "[Positional] Biocon Cup and Handle Idea")
