NSE:BIOCON Rounding BottomNSE:BIOCON
#BIOCON formed Rounding Bottom
Post sustainability confirmation one may try 370 CE
BIOCON trade ideas
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
#Biocon cash : Looks good above 355.10#Biocon cash -Positional call
07-Nov 2021
Looks good above 355.10
Stoploss at 340
Target 374-380/400
cmp 348.65
BIOCON Breakout achieved Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BIOCON - Bullish DivgenceBIOCON can be a good swing trade, bullish divergence in daily chart frame (Price falling, RSI moving up).
Target may be its 200 EMA.
Biocon For Long ?1.Falling Wedge forming in weekly chart
2.Nifty Pharma Index is also bounce from support area
3.Stock is also bounce from demand area
4.RSI Divergence In Daily Chart
5.Stock is near 0.618
THIS ANALYSIS FOR ONLY EDUCATIONAL PURPOSE
-THANK YOU FOR YOUR TIME
ALWAYS PUT YOUR STOPLOSS 1ST
Biocon good to go😊There is a strong breakout comes from biocon and the target's for biocon now 400-500
Bullish crossoverBiocon make bullish crossover on MACD it can be buy with sl of 300, target is 420, 480, 500
Swing Opportunity in BioconGo Long above 366.35 for Targets of 382.65, 398.95, 415.25, 431.55, 447.85 and 464.15 with SL 350.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this there is a gap to be filled.
For Educational Purpose OnlyThis is the chart of BIOCON in Weekly TF
taking support at 200EMA
swing trade
Entry cmp
Sl 309
1st Tgt 418
2nd Tgt 476
Important Note: I am just sharing my view. Trade at your own risk
if you get BIOCON at 300 BUYYYYYif you get this stock at or under 300 buy put a stop loss of 150 and hold for targets of 900 in the next 5 years
there is no other business like it India
