BIOCON trade ideas
Bullish Symmetrical Triangle Pattern in BIOCON for Target 475+After continues uptrend in BIOCON in last few trading session it's consolidating in a symmetrical triangle pattern. Now it's near to break out of this pattern so expected it will continue its bullish trend up to the 475+ in the coming trading session.
Possible Trade:
Buy BIOCON above 456.50
Stop-loss 450
Target 475+
BIOCON - 4H TF - Ascending TriangleAscending Triangle forming on 4H Chart of BIOCON. Looks good above 445. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
buy biocon@450 for target of 500 in approx 2 monthsdo your study before investing....very safe call SL will be support line
Biocon - Ascending Triangle PatternAscending Triangle Pattern formation and can be a good positional/intraday trading opportunity above @444
BIOCON LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
438-436 CAN ACT AS GOOD RESISTANCE; BUY ABOVE IT
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
LONG ON BIOCONBIOCON HAS GIVEN A DOUBLE BOTTOM FORMATION, CLOSING ABOVE 436 WILL BE A GOOD RALLY TOWARDS 480+ TARGET. WOULD SUGGET TO TRAIL STOPLOSS ON EVERY PULLUBACK .
