BIOCON - SHORT SETUPA shooting star is formed with heavy volume. This could be a good shorting opportunity below 418.
BIOCON trade ideas
piercing bullish pattern + breakout ( price action)long after confirmation close and breakout gave this trade additional logic.
BIOCON : Closing above 425 is Important If Biocon will close above above it's Strong Supply Zone @ 415-425 then next move is possible to 438-440-445 in coming days.
Nearing all time high, 50 points move in 4 days.Price is super bullish and nearing All time high. After taking previous support price is moving super strong, within 4 days it moves almost 50 points.
Not the perfect time to go long, let the price gets settled then we will think about long option.
As if now one can scalp this script.
biocon longenjoy biocon
gud descending triangle pattern observed , with break out.
hope editor also like the idea
bioconBIOCON:- breakout buy at 400 tgt 440₹ sl 370₹
RSI breakout
#Disclaimer:-I just shared view for only educational purpose.
BIOCON - 4H TF - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of BIOCON. SELL 384, SL 410.1, Target(s) - 368, 350. Measurement = 59. 380 seems to be providing ample support in the past. If 378 is taken out, 368 is the next stop. After 368, comes the psychological level of 350 and then 345. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BIOCON - Ascending triangle bullish breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with good volume (not too high). There seems to be a similar breakout in the RSI as well. RSI is 54 which is in neutral zone. As per the chart it seems that the bulls are back in control post a substantial push from bears.
Biocon: H&S BreakdownThe price action is saying that this breakdown might fail but still we have to be prepared for both the sides.
Read the H&S educational post attached to this idea.
Please do not consider this idea as a tip.
It is an analysis for the traders who want to learn practical technical analysis.
Do like and comment.
Regards
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.
