Long on biocon, once it start trading above 411. This trading idea is for educational purpose only. Consult your financial advisor before investing
I've already entered in long at 368 with an alert on 29 Jan 2021. I hope that you will get entry-level as mentioned on the chart at wave 2 retracement of wave 1 but I don't suggest holding position if the price falls 375 below. This setup has higher risk and rewards 1:6 or 1:8 because of wave (3). Check out the long-term chart.
already breakdown has happened in biocon.Still expect further down today .
good move expected above 405 not sugesstion only for educational purpose
Biocon Bouncing From Support Area 360-370 Pure Delivery Above Cross and Sustain 395 Then Sl 370 Trg 420/440
pls do check analysis regularly to check how it performed.
Rectangle forming on 45M Chart of BIOCON. BUY above 387.10 & SELL below 367.90. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns. 90
Long term resistance should act as a support now.
Buy Biocon Risk reward favorable target 415, 425++ stoploss below 370 time frame 2-3 months
Biocon is at weekend 10 in D frame. Also, Retesting neckline Anyways, I will buy futures if the high breaks. Also, will be selling a put spread. 340PE sell with 320PE buy or 300PE buy. Will take delivery on 320 break.