I am no expert in using GANN BOX but had this idea therefore testing it out on a stock. Stock has potential to give breakout from the range that has developed after recent high.
buy from 386.6 to 383 easy taregt - 399 tg2 - 405.5 Disclaimer : This is my personal analysis for study purpose not intended for trading
BIOCON can turn around and start moving upside. (for educational purpose only)
BUY ABOVE 420 FOR TARGET 470/480 AND IF SUSTAIN ABOVE 480 THAN MORE UP MOVE POSSIBLE
Head and shoulder pattern in making 25 % upside in less than 3 month possible (study purpose only)
BIOCON Buy Opportunity with Wolfe wave pattern Projected levels mentioned on the Chart.
Rounding Top and Ascending broadening wedge is indicating the coming downtrend in Biocon on 1 week TF along with decrease in volume. Range formation after the breakdown from ascending broadening wedge making this analysis more powerful. Keep an eye.
down side trend line break touched 3 times break out 4th time that way go for selling
wait for your oppurtunity once it will test the 370 level you can go long with 10rs sl
biocon: price on dynamic trendline support
There 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