BIOCON SellI have been watching this chart for past few days waiting patiently for the trigger. The trigger happened at around 2pm today when I shorted this with futures at 358.50. By 3.15 I closed at 348. But the trade itself is far from over. The trade set up is obvious from the chart. A sharp run up tapered to a very narrow range when ultimately it just had to topple over for lack of momentum. Like riding a bicycle. Ideally, I would wait for it to bounce a bit towards 355 levels before going short again. Stop loss at about 367 The target would be around 330 that lines up nicely along 38.2 Fib level as well as the gap that would be acting as a pull. Shortby Kaustubh2
BEARISH.BIOCON formed DOUBLE TOP in weekly chart.SHORT from hereBIOCON has just formed a DOUBLE TOP and look out for reversal from this level.Shortby karth11k222
BIOCON Strong PatternBiocon Symmetrical triangle pattern formation If it gives break out at downside SELL from 350 target 319. if it gives breakout in upside Buy Note: wait for breakoutShortby maheshjoshi2089Updated 0
Triangle in BIOCONNSE:BIOCON is forming triangle and is near an important resistance which it is tresting for third time , it is able to cross the resistance with good volume then we can go long Longby Naveen_Holla0
can go long in positionalas it has crossed the williams jaw on closing basis its good for going with low of the day as SL Longby Naveen_HollaUpdated 2
biocon - cup and handle patternbiocon- cup and handle pattern easy target -299 and 313 may go up if break 313 stop loss 277 Longby gopal1308Updated 0
Biocon Weekly: Don't get TrappedBIOCON Price band marked is for ATH, in current week rejection is seen just below the lower band. Be cautious for ur entries near to This band, it may trap for some time. Some good entries would be btn 290-310; SL 280 Longby sykhan0