bioconresistance at 305 to 310 levels a good closing above 308 can take it to 340 and 370 levels and more
BIOCON trade ideas
#Biocon cash : Looks good above 296.10#Biocon cash -Positional call
24.04.2024
Looks good above 296.10
Stoploss 270
Target 330/360
(Cup and handle breakout pattern)
Cmp 289.60
clerly uptrens st buy clerly uptrens st buy NSE:BIOCON
st te buy aya hai
vaise buy nahi karna kyuni ki moving avg not tenidng
Is BIOCON: A pick from Pharma Sector with Turnaround potential ?Investment Logic:
It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow.
signed a partnership agreement with Juno Pharmaceuticals in Canada, for the commercialization of Liraglutide, used in the treatment of Type-2 diabetes and obesity.
Biocon invested 1 billion USD in the acquisition of Viatris, which led to heavy debt on the books. Management is planning to divest its non-core assets to bring down its net debt by 50%.
In the immunology segment, it has 15 products under development in the pipeline, targeting USD100 billion over the next 10 years.
The correction is overAfter taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.
BIOCON NSEDate 28th Feb 2024
MACD showing HL while Price A. Showing HH,
This Indicates Sellers are Exhaust.
but still can't make new Higher Low in Price Action,
means buyers are in Command now.
BIOCON Long PositionalDate : 09-03-2024
NSE:BIOCON
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Buy Biocon above 304
Target of 316-335-355-374-394-425456
SL 218
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
BioconBiocon is done correction for the 4 hr and can breakout in April or/and may and my target is 500 and can be trail upto 550 .
BIOCON SHARE As you can see that its consolidate from last few weeks and try to break 300 mark after break it will touch 310-320-330 soon..... research on it and invest
Biocon If the stock is forming an M pattern on a monthly time frame then there are good chances to complete the M pattern, this is a risky trade to watch.
BIOCON- VCP in Making X weeks X Range above 144BIOCON- VCP in Making X weeks X Range above 144
1) Strong VCP
2) Good Trendlines
3) ready breakout
BIOCON -long for 15 % up move symmterical triangle pattern
MACD crossing above zero line
price>3>6>18>50>200 EMA
stop loss and taregt marked
#BIOCON Support & Resistance / 28 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
Biocon : Bottomed out Stock#Biocon #Momentumstock #Swingtrade #BreakoutCandidate
BIOCON : 200 EMA Breakout Soon
>> Momentum Stock
>> Bottomed-out Stock
>> Good Strength & volumes in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BIOCON - Weekly AnalysisIn the Weekly Chart of BIOCON ,
we can see that, it is ready for Inverted Head & Shoulder breakout.
Also, it is looking very bullish.
Trade as per your risk ratio.
35% potential upside in BIOCONA CWH pattern has emerged in the weekly chart of BIOCON.
The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high.
Additionally, there is a technical formation of both a CWH pattern and a Volatility Contraction Pattern (VCP) over the past six weeks, accompanied by notable volume.
BIOCON- A perfect entry and high Reward setupAfter Dec 2020, the breakout on following fronts are observed.
1. Falling Wedge breakout
2. W pattern breakout.
3. High volume spikes at breakout
What makes it a buy at current levels is its retest and hold in falling market.
This is for educational purpose.
Targets are mentioned in chart itself.
Current Trendline
In Uptrend
Trendline Correction average 10%
Strong Support Near 256
200 MA Support also there
Near 255-260 in Hour Time Frame it will be oversold
BIOCON BULLISHBIOCON looking is good
it is in strong trend line support
First target@295
Second target@318
Stop loss@255
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
BIOCON Ltd.NSE:BIOCON
TIME FRAME : WEEKLY
CHART PATTERN : DOUBLE BOTTOM
About Biocon Ltd.
The company is an innovation-led global biopharmaceuticals company committed to enhance affordable access to complex therapies for chronic conditions like diabetes, cancer and autoimmune. It has developed and commercialized novel biologics, biosimilars, and complex small molecule APIs in India and several key global markets as well as generic formulations in the US and Europe. It also has a pipeline of promising novel assets in immunotherapy under development.
Sector Healthcare Sector
Industry Pharmaceuticals & Drugs
Market Cap 34,865.42 Cr.
BIOCON - a quick 20% move can be expectedNSE:BIOCON
cmp 298
a quick 20% move can be expected giving a target of 360
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
3 Amazing swing trading ideas for 7 Feb Markets I daily make educational content videos for swing / positional trading
BIOCON LTD Breakout RetracementThis stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone.
Why retrace will happen?
Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In this way market work.
