NSE:BIOCON Time SIP Biocon for long term wealth generation
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Warning! Stop loss is deep 15-20%
Biocon reported 3x profit in Sept23 quarter. As per charts its could have ended long drop from all time high.
Elliott wave count added on charts.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You...
Biocon is buy as it rises to first level above solid base of 201
Safe players buy above 278. Now its risky if it slips from here for short term.
this current level OK for SIP folks.
Stop loss and Hedge must.
NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend.
And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.
#BIOCON - Is looking good on the daily and weekly charts. The stock has taken support near 50MA on the daily chart. Maintain the stop loss as mentioned on the chart.
Hi everyone
Weekly chart biocon me
apk mutual fund ki tarah investment kar sakte ho
1 year me good return expected
Note : Stock Market is risky
I am not Sebi registered
Consult financial Advisor
Biocon is showing cup and handle pattern. It did crossed the neck line, however, couldn't sustain. The cup and handle pattern resistance is neckline and to have a successful breakout, there should be a green candle which breaks neckline and thereafter, a subsequent green candle closing above that candle.
In Biocon, that subsequent closing above the breakout...
Hello & welcome to this analysis
Stock is among the rare few which had a lengthy period of correction which broke the Covid lows.
Its trying to reverse as can be seen in lower time frame but higher time frame still lacks confirmation and is suggesting volatility.
I have explained the levels on both sides which would give a clearer direction of trend.
Hope...
Biocon has created an ascending wage in daily chart, which , may have been inching towards a very near upside break out soon. Generally these kind of patterns are continuation pattern and by break out, it continues towards its upside path. However any breakout should be confirmed with technical indicators before entry. For more clarity Biocon should cross 280...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Flag & Pole with Rising Wedge
📌 Symbol/Asset: BIOCON
🔍 Description: Flag Pattern breakout with Rising Wedge Pattern ( Multiple patterns gives double confirmation )
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle....
Look this charts it's saying I m ready to blast
I m only attract when r:r is very good
My stoploss for one to three years investment only@240😇
My target is very big
BIOCON LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
📊 It can give movement upto the Reversal target of Above 280 +.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 310+.
📊 Can Go Short in this stock by placing stop...
Yesterday Nifty was almost flat, traded in tight range and closed at around 19570, down by almost 26 points. One sector in this market is still shining even after a good rally in the past and that is NSE:CNXPHARMA
NSE:BIOCON One of the contituent of Pharma index with market cap of INR 32794 Crore and it also holds the weightage of 2.36% in Pharma Index,...
