BIOCON trade ideas
Biocon Pullback structureBiocon stock has made a high of 446 and now it is has been consolidation.
We can closely track this stock because risk to reward in this stock is very favorable to new trader or new beginner
We can buy this stock around 380 -390 with a stoploss of 370 and a target above of 450
Disclaimer:Invested in this stock around 385
Biocon Daily Analysis_24/08/20a. Zone: Strong Bull
b. Resistance 1: 395.80(Double Top Bearish Pattern)
c. Resistance 2: 397.30
d. Support 1: 393.20(Double Bottom Bullish Pattern)
e. Support 2: 392.15
NSE:BIOCON
BIOCON: BUYOne year of channel Uptrend.
But notice the 6 weeks -yes SIX weeks - of lower lows since mid July.
TRIANGLE SPOTTED ON BIOCON!Hey Hey tradershope u guys are doing well to help you guys in your trading Im sharing this triangle pattern in made in The BIOCON chart!
If find any potential move go for it!
Patience is the key, wait untill the breakout either side! & happy trading
-Rv The Trader
For more information or queries you can always contact me!
Biocon - Testing Support A break below may open targets of 380 if not beyond, specially if Pharma continues its consolidation
Bullish Bat Biocon 4 hrs chart Bullish Bat Biocon 4 hrs chart buy range 390-400 Target 1 420 and Target 2 445 stop loss 380
Biocon - sine wave motionLast Long idea failed; Cube is gone. Prices may conserve energy for some more time; till then they are in sine wave motion. May consider shoting the stock when prices hug the upper parallel (in yellow) as maked in the char. Idea invalid if prices breach previous lower high at 401; this is because the long idea is still valid as mountain base is filling and market structure becomes bullish once prices break the previous high. If that happens we may initiate long postion again with stop loss below market structure. This may become a very profitable trade if turns out so, otherwise we may look for similar opportunity when prices reaches the short target level as indicated in the cart.
DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeenagreaternoida is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Biocon:395 shows bearish sign, target 367 & 317, SL:420Biocon:395 is showing a bearish sign, its first target will be 367 & second target around 317, SL:420
BIOCONAbove 396 , stock might make a move toward 401 followed by 408
Stop Loss : 390
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
BIOCON: Application of Thermodynamic principlesWhen we apply thermodynamics to the markets, we are studying how price moves through Time and Space: Price must store Energy when it is in a Transition Phase and then expend Energy when it is in its Trending Phase.
After short trade opportunity (Push Trad A*) another long opportunity (few Pips) and Short opportunity (relatively large pip movement) are available.
1. Go Long at hug of lower parallel of pitchfork and exit at down sloping median line of sine wave crest.
2. Go Short at down sloping trend of sine wave creast with stop loss at 420 (few pips above last minor LH, or creast of last sine wave at downsloping median line). Will be updating target and trailing stop loss level once market structure progresses. As of now Target is lower median line of sine wave trough.
DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeenagreaternoida is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Biocon Looking BearishBiocon H&S pattern is under development
Major resistance area is 375 370 levels if it breaks then can be shorted for 50points target
Stop loss would be the neckline of the shoulder 420 levels
Biocon Stock in uptrend for long entry.Biocon stock is in uptrend & getting the momentum. Long entry can be taken after the Bo level above the level of 415 for the target price of 440 . SL can be set @ level of of 402. This trade in the good Reward to risk ratio. Positive divergence can be seen & RSI is also supporting well. Also triple bottom formation has been seen on the charts. So add the stock in your watch list to see the further price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
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#BIOCON - 1 hour chart bullishBIOCON - Bullish setup
1 hour chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
Biocon- 3 D Idea - Long in Transition zoneGood Risk reward Trade opportunity.
Transition zones give good trading opportunities. Prices conserving energy inside the Cube.
Trade details as per chart.
Shifting to new Trading view profile sandeepkumarmeenagreaternoida
DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
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