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...
NSE:BIOCON cmp 298 a quick 20% move can be expected giving a target of 360 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain...
Biocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good...
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This stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone. Why retrace will happen? Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In...
BIOCON giving a large weekly base BO, one of the underperformers has started moving and volumes are good this time, Seeing the pharma space as the one to outperform others in upcoming months (hopefully), keep an eye out for this name as it shows a lot more it can move in the chart seeing previous levels.
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (1) and (2), which are shown as blue numbers on the daily chart. Wave (3) appears to be underway at this time and might reach a maximum length of...
Fib - the Intermediate trend is down. We still do not have any reversal signals. The current rally has a strong resistance at 295. We have a Fib confluence at that zone. Trendline- the zone also has a falling trendline acting as resistance. RSI- The RSI is still travelling in the bear range confirming that the trend is still down. Volume - a stock never bottoms...
Target 🎯 hit #Biocoin 🎯 We just See the support & That bullish Candlestick pattern so went long agterbthe high Break for 1:3 Risk Rewards Ratio and Grab it. 😁👍🏻
It's Look like Bullsih Inside Candle on support. We can Buy it With SL of Previous Swing low 🔅. Even we Can buy Stock option 😁
BIOCON has consolidated for over 3 years and has spent last 1 year in making a base. This base formation has resulted in Cup & Handle pattern. After breaking out from C&H pattern is has come back to test its breakout level. Recent volumes in BIOCON has also been commendable. Wait for the stock to show rebound above the breakout level before entering into it....
its looks like strong support zone in BIOCON in weekly time frame. May we can see a good rally for 80points in Biocon. Note : All the given ideas are educational purpose only.
Biocon waiting for break this resistance level. if break successfully then reach next target price. Long time target still in up side. .
Biocon made a strong bearish candle on 8th January and gave closing below candle on 12th Jan. The stocks is sell on rise as per our analysis around 280 - 285 with the SL above 295 on closing basis. Targets are marked on the chart with green lines. Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on...
Biocon can hit All time high and need to be patient with this stock as well as fundamentals to be checked on your own.. Logically Breaking out in monthly charts at 265 range and can buy at current market price with targets of 325 and 407 in 2-3 months. Book 60% and wait till it crosses all time high of 488 to gallop to 600+ levels in 2-3 quarters.
Biocon has strong resistance and support levels follow them if you plan to trade. It is only for education purpose only
Hi sir This is my view biocon can generate good return within 3 to 4 years best stock for SIP and mutual fund