After 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 Open
Double Top or Gap Filling: 1. Short @419.45, SL 425 , Risk 1:2
Biocon 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 is at resistance in 1H timeframe. If it gives a breakout will take a posiitonal trade for a target of 440.
Currently 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 #dailytf above 425 target is 480 520 View negated below 405
Buy above 425 Or around 410 Sl 390 Target mention on Chart
Biocon Cash levels - Daily Analysis - CMP 420.3 Buy above 425 )daily candle closing basis for Target 442- 456- 470- 487- 500+
Long 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.
Above 406 can give a target of 419. Pl check out my other charts. Thank you.
If Biocon closes above red line then the Target 🎯 will be green line Simple but it works ☺️ Let's see what happen Market doesn't like gaps ,it will fill one day. Keep this stock in surveillance
Entry abv 425. Check volume rise too.
Biocon take long above 411 TGT 445 SL 402. RSI forming +ve divergences. Goo risk to reward trade.