BIOCON: Positional View Sustaining 408-413 can result in a good move GAP Filling Possibility also there Support at 404 and 398
#BIOCON CASH 10.03.2021 Looks good above 405.10 and more above 408.10 stoploss 400 tgt 415/424/440 Cmp 402.55
Price has taken support over 390 with high volume and it is ranging in expanding channel. Take entry at 396 with 390 stop loss, target will be 414 -416. Duration is 6-7 Days
Stock in Trend Channel Risk to Reward looks great Currently on Lower Channel Also in single range Inside Bars
Biocon CMP 394.6 We can see price is taken support of cloud but also we can see a bearish flag pattern in it ... So below 393 closing (hrly) with 396 as a sl, Expecting price to continue its bearish trend Chart is for study purpose only!!!
BIOCON looks strong as it has given trendline breakout in 3h/1h TF. One can enter at the high of breakout candle. SL low of the breakout candle Risk:reward 1:1
Strong candle breakdown confirmed with a pullback
Above 417 add more above 424 SL-398 Target 437-446-460
BIOCON gave support BD and closing below it. Weak below 395 Level View Negates above 407
On 1 hour candle biocon taking major support at level 400-403. If it trade below 400 then sell it for target 394, 391.
The stock is making an ascending triangle pattern and looks good positionally for first target of 439.8 (gap filling)