BIOCON trade ideas
#Biocon Trade Setup for Wednesday (Positional Trade)There is a breakout level of 403, once it break
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You can for the target of 420 Levels
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Tomorrow Company will also declare their Quarterly Results
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So keep eyes on this Share.
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BIOCON POSITIONAL BUY?CMP 393
BUY AND ACCUMULATE TILL 384 (BEST BUY ZONE)
SL 360 ON WEEKLY CLOSING BASIS
TARGETS
411/424/438/446/458 BREAKOUT LEVEL
ABOVE 458 ON WEEKLY CLOSE CAN
TARGET
467/475/488+
Biocon after cross 425 go to gap fillingBiocon breakout after 425 simple use price action strategies..
Target is 440.
After 425 cross go to gap filling..
Only education purpose not please take care
Biocoin Level are mention on the chart....Only for educational Purpose only not giving any tips to buy or sell buy according to your risk... follow me on trading view for more updated
Law of conservation of energyPrices conserving energy inside the cube as long as base is intect. Result will be double of cube height.
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Biocon- CMP 412.85Biocon- 412.85. It is one of the few pharma scrips yet to participate in pharma rally. It fell with huge volumes from 455 to 376 in 2 days on 21.1.21 after announcement of Q3 results and created gap from 422 to 442. Today it went up with huge volumes highest of past one month and closed at 413. It has to stay above 423 and fill the gap for going up. It is also following a upward channel and it can break the channel at gap level of 423. For maintaining upward trend it shall stay above 422-23 range. This may happen in next week, once it happens with volumes can go to 443, 455 and above. Its results are on 28.4.21. As per option chain also huge call build up at 420 which is acting as a resistance with 400 as good put built up will act as support. But at 420 call unwinding is happening and may accelerate further from monday onwards. Today its future Oi addition is also at healthy 10% which is also an indication of longs addition.
Biocon - Box Breakout tradeAfter the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot.
It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.
Biocon - 1st Trade Target Achieved ... Second Trade OpenBiocon - 1st Trade Target Achieved ... Second Trade Open
BioconBiocon is on a verge of breaking out of ascending triangle at key gap resistance level.
Above 425 stock will explode to kiss 442 - 464 - 473 and then will cross all time high.
BIOCON AT RESISTANCE 1HBIOCON is at resistance in 1H timeframe. If it gives a breakout will take a posiitonal trade for a target of 440.
BIOCONCurrently at Resistance and a very strong one.
Staying above 420 should reach 442
If falls dips to 405 can be bought
SL can be kept near 380 on CLBS
Post 442 new high cant be rules out.
Biocon Cash levels - Daily Analysis - CMP 420.3 Buy above 425 Biocon Cash levels - Daily Analysis - CMP 420.3
Buy above 425 )daily candle closing basis for Target
442- 456- 470- 487- 500+
Biocon - Gap Fill aheadLong above 425 with target of 440 and SL of 410.
Its a 1:1 Risk:Reward play to start with but could continue to move with strength going ahead.
intraday players once the stock crosses 425 can even keep a SL of 418.
