BIOCON BREAKOUTBREAKOUT ON BIOCON DAILY CHAR AT 471 LEVELS,STOCK HAS MADE BULLISH FLAG PATTERN.
STOPLOST CAN BE 455 TARGETS CAN BE 530 LEVELS.GOOD UP MOBE ON CARDS.
BIOCON trade ideas
Intraday Biocon
If it sustained above 471.75 on 12-01-21 , take for target 478.60 ,487.90
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#Biocon cash : Good only above 464.10#Biocon cash
07.01.2021
Good support at 450-453
Looks good above 464.10
stoploss 455
Tgt 474/488-490
Cmp 454.80
Biocon - DAILY CHART VIEW!!Biocon Ltd. is in both medium and short term up-move,
RSI 50+ and sustaining.
if the stock stays above 460 it can move towards recent swing high of 488 or above.
Buy Biocon near 477The stock has already given the breakout on daily candle and expecting to move further, one can buy near 477 for the targets of 499, 510 and 525.
Happy Trading!
InvestPro India Team
Ascending triangle in BIOCON!Biocon looks very bullish in an ascending triangle having made a long wick rejection from it's lower TL. It has now rejected the 450-435 price range on the downside twice in the last couple of days. If it breaks it's upper TL one can go long above 475 and expect to see 485 and even 500 levels in the coming days.
Biocon retested triangle breakoutBuy Biocon for target of 498-500 (pshycological level) for short term. Longterm it shall reach traingle width of 74 rupee ....562 as a target
Target 490 next 2 weeksConsistent performer having upside , in a
Parallel line. As shown on 6th January 2021 , but all the reasearch are subject to risk.
Biocon, Long above 447 for a target of 580+It seems Biocon has completed its consolidation. Nifty Pharma has also started moving up. It has formed good base in 400-380 zone.
Buy Logic listed on chart
Entry: 447
Stoploss: 415 (on closing basis)
Target: 580 (risk reward => 1: 4 )
Timeframe: 4-6 months
Note: It can spend some more time in 440-480 zone....Conservative investors can wait for a breakout above all time high.
BIOCON is waiting for fresh Breakout above 478NSE:BIOCON Levels are mentioned in the chart..
Note:
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Biocon at support - 430 will be the key LevelPrice taking support from the channel pattern. Close above 430 will be the key level for long entry, channel top will be the target for this entry.
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