Positional Trade: Biocon has broken out from a falling trendline and at the same time attempting to close above a resistance at 392. Buy: Biocon CMP: 391 Target 1: 420 Target 2: 424 Stop Loss: 382
Buy Biocon near 385 Stoploss 380 Target 392 Study: Breakout and Retest Structure
* Triangle * 55EMA * Trendline Breakout above 395
Take a trade after break out of trendline..
NSE:BIOCON had been facing resistance near 425 and taking support near 370 in the past. At this point of moment, we may see a triangular pattern ( T1 & T2 ) crafted inside the range which is ready to give a bullish breakout and bring in the bulls. One may initiate a long position with a stop loss below 382.5. Like, Follow & Share for new updates.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Biocon breakout for all trades Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Biocon monthly demand zone trade is marked on chart. We can take trade near Proximal line and below distal line we can set stop loss. Best way to find out lower time frame demand zone in between higher time frame. In this case stop loss will be small. I have marked both trade setups. Hight time frame frame (monthly) and lower time frame (daily)
I am selling 380PE naked. If goes down, I will follow wheel strategy. Short PE is actually bullish view. I will update when it makes mess and rebalances. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say...
The stock has formed a descending triangular pattern which is about to witness a breakout. The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively. Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425. If the resistance is broken with good volumes, the stock can...
Biocon Chart Analysis CMP- 420 -Ascending Triangle Formation -Volume support at breakout Zone -Upside candidate... Target:- 2 weeks- 460-475