After taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.
Date 28th Feb 2024
MACD showing HL while Price A. Showing HH,
This Indicates Sellers are Exhaust.
but still can't make new Higher Low in Price Action,
means buyers are in Command now.
Date : 09-03-2024
NSE:BIOCON
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Buy Biocon above 304
Target of 316-335-355-374-394-425456
SL 218
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
As you can see that its consolidate from last few weeks and try to break 300 mark after break it will touch 310-320-330 soon..... research on it and invest
Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide...
#Biocon #Momentumstock #Swingtrade #BreakoutCandidate
BIOCON : 200 EMA Breakout Soon
>> Momentum Stock
>> Bottomed-out Stock
>> Good Strength & volumes in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by...
In the Weekly Chart of BIOCON ,
we can see that, it is ready for Inverted Head & Shoulder breakout.
Also, it is looking very bullish.
Trade as per your risk ratio.
A CWH pattern has emerged in the weekly chart of BIOCON.
The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high.
Additionally, there is a technical formation of both a CWH pattern and a Volatility...
After Dec 2020, the breakout on following fronts are observed.
1. Falling Wedge breakout
2. W pattern breakout.
3. High volume spikes at breakout
What makes it a buy at current levels is its retest and hold in falling market.
This is for educational purpose.
Targets are mentioned in chart itself.
Biocon made trendline breakout ,the downtrend of biocon from 2020 has given a breakout and trying to move up
In week chart price is making higher highs and higher lows
And there is a large volume adding up
and biocon is taking support at previous high
BIOCON looking is good
it is in strong trend line support
First target@295
Second target@318
Stop loss@255
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
NSE:BIOCON
TIME FRAME : WEEKLY
CHART PATTERN : DOUBLE BOTTOM
About Biocon Ltd.
The company is an innovation-led global biopharmaceuticals company committed to enhance affordable access to complex therapies for chronic conditions like diabetes, cancer and autoimmune. It has developed and commercialized novel biologics, biosimilars, and complex small molecule...
