BIOCON trade ideas
BIOCON TARGET 420 CMP 403There is an unfilled gap between 420 to 440 levels, BIOCON is facing stiff resistance at 420. If crosses above 420 immediate target will be 440. Risk reward is good in the stock as 400 is crucial support for the stock which may not be broken
BIOCON Possible Breakout on Daily ChartThe Pharma Index (Nifty Pharma) has been performing well since the past 3 months. Biocon is one of the stocks of Nifty Pharma. As per the analysis, Biocon has tested the same level (417-420) multiple times and any level when tested multiple times, becomes weak and price may breakout the level soon. Any up move from the supply zone will give a good opportunity to go long in Biocon. Thank you.
Confluence Of Two Different Patterns DB and Asc Triangle B.O looking in Biocon... Go long above 410 For the targets of 420,425..
Biocon - Self Study ChartNSE:BIOCON Self study chart.
It's in consolidation phase after falling from ascending trend channel.
Significance of GapsKeeping watch on gaps can be very useful as these acts as major support or resistance.
Good stock to buy fundamentally strongForming a bullish inland pattern
BUY @ 398 STOP LOSS 375
TARGET 1 420
TARGET 2 440
TARGET 3 460
TARGET 4 500
TIME FRAME 45 DAYS
Long biocon at support levelLong Bicon at the marked support area between 380-370 for the first target price of 420 with SL 365-368 . Also this time stock expecting to BO the level of resistance area tested several times. so SL can be trail. This is for your educational purpose only.
BioconBiocon back in resistance zone.
Buy if it moves above the zone, next critical resistance at GAP of 442
Best buy would be if you get dips near 397-393 zones
Biocon Bullish (W Pattern)Chart is self explanator, Can add near 390-395 levels for swing trades.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
BIOCON LTDBIOCON LTD
Technically and fundamentally it's showing a BEARISH trend, better EXIT who's in long on this stock.
Also as per the P/E ratio, it's a high expensive stock. So it's a higher risk to hold for a long time investment.
425 is your STOP LOSS if you go for SHORT.
biocon - daily triangular pattern breakouttriangular pattern breakout whose top vertex level is same as 52 week high
seen good consolidation
