BIOCON trade ideas
BIOCON ready for moon walk 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
BIOCON LTD OPPORTUNITYBiocon 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 /-.
Add this in your watchlist and wait for right time.
DISCLAIMER: THIS IS MY PERSONEL OPINION. AM NOT A SEBI REGISTER ADVISOR.
Biocon || Possible Long OpportunityIt is forming good technicals. There may be a long opportunity in near future. Keep an eye!
BIOCON : FIBO SUPPORTHello 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.
Biocon.. 3 white soldiersbiocon 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
Bullish Engulfing Reversal + breakout 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.
Favourable Risk & Reward 1:5 + Volume Surge + EMA 200Th 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
RESISTANCE AND SUPPORTBiocon looking good for upmove given closing above 50 ema also strong looking stong after 373 imp levels Drawn @ chart
NSE:BIOCON Rounding BottomNSE:BIOCON
#BIOCON formed Rounding Bottom
Post sustainability confirmation one may try 370 CE
biocon - falling wedge, upper trendline broken within wedgefib 50% retracement, falling wedge and dynamic resistance broken immediate upside 3-4 %, much more after wedge is broken (target will be updated later)
BIOCON ( Ready for Marathon)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 BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.
CHART & ANALYSIS – ADARSH DEY
Biocon Ltd-Symmetric Triangle Biocon Ltd is moving inside symmetric traingle in weekly & daily timeframe.
We can expect Breakout, just keep an eye on it,
Its target can be
T 1 - 410
T 2 - 450
Flag breakout !! Stock has given pole and flag breakout on daily chart, with good volumes. Longs can be considered at cmp or retrace till 356 levels, with SL 345 on weekly CB for target of 395+ with 1:2 RR.
Kindly do your analysis before initiating trade.
biocon ltd.the stock has formed a double bottom at the strong support level with rsi positive divergence ...sl and tgt as mentioned in the chart
Biocon- Falling wedgebiocon in the process of completing falling wedge pattern - about to reach upper resistance
BioconFormed a flag pattern but the trend is down hence not to be extremely bullish.. can be a short term bet
#BIOCONBIOCON looks good for investment if break @353
SL 342 (After breakout),
Education purpose only.
Biocon Price Movement Analysis for 9 November 2021HELLO ALL, I am Shubham Chourasia. Heres my idea for biocon 9 NOVEMBER 2021. Basically its a intraday setup HOPE IT WORKS FOR YOU. thankyou and happy trading
BIOCON 1D TFBiocon boucned back from a crucial level of 320's. Good time to enter this stock.
CMP :- 348
SL :- 310
Target :- 390+
R:R :- 1:3.5
