3 Amazing swing trading ideas for 7 Feb Markets I daily make educational content videos for swing / positional trading
BIOCON trade ideas
BIOCON LTD Breakout RetracementThis stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone.
Why retrace will happen?
Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In this way market work.
BIOCON BO [Weekly]BIOCON giving a large weekly base BO, one of the underperformers has started moving and volumes are good this time, Seeing the pharma space as the one to outperform others in upcoming months (hopefully), keep an eye out for this name as it shows a lot more it can move in the chart seeing previous levels.
The downtrend is still intactFib - the Intermediate trend is down. We still do not have any reversal signals. The current rally has a strong resistance at 295. We have a Fib confluence at that zone.
Trendline- the zone also has a falling trendline acting as resistance.
RSI- The RSI is still travelling in the bear range confirming that the trend is still down.
Volume - a stock never bottoms on huge volume. Hence bottom is not in place
MA- The current zone also has longer MA as resistance.
Conclusion- the stock will come out with its results on the 8th Feb if the stock is still around this zone then expect the stock to again start the correction.
RSI-
Swing Trade Target hitTarget 🎯 hit #Biocoin 🎯
We just See the support & That bullish Candlestick pattern so went long agterbthe high Break for 1:3 Risk Rewards Ratio and Grab it. 😁👍🏻
Swing Trade & stock Option It's Look like Bullsih Inside Candle on support. We can Buy it With SL of Previous Swing low 🔅.
Even we Can buy Stock option 😁
BIOCON - retesting its breakoutBIOCON has consolidated for over 3 years and has spent last 1 year in making a base. This base formation has resulted in Cup & Handle pattern. After breaking out from C&H pattern is has come back to test its breakout level. Recent volumes in BIOCON has also been commendable.
Wait for the stock to show rebound above the breakout level before entering into it.
CMP 280
Breakout level 278
Target 340
SL 264
Retesting of breakout makes the breakout stronger.
Note: It's weekly chart analysis. Don't think short term based on this analysis.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Biocon stock its looks like strong support zone in BIOCON in weekly time frame. May we can see a good rally for 80points in Biocon.
Note : All the given ideas are educational purpose only.
BIOCONBiocon waiting for break this resistance level. if break successfully then reach next target price.
Long time target still in up side. .
BIOCON | 280 - 285 STRONG SELL ZONEBiocon made a strong bearish candle on 8th January and gave closing below candle on 12th Jan. The stocks is sell on rise as per our analysis around 280 - 285 with the SL above 295 on closing basis. Targets are marked on the chart with green lines.
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Happy Trading!
InvestPro India
Biocon - Bullish Monthy ChartsBiocon can hit All time high and need to be patient with this stock as well as fundamentals to be checked on your own..
Logically Breaking out in monthly charts at 265 range and can buy at current market price with targets of 325 and 407 in 2-3 months. Book 60% and wait till it crosses all time high of 488 to gallop to 600+ levels in 2-3 quarters.
Biocon Entry Exit LevelsBiocon has strong resistance and support levels follow them if you plan to trade. It is only for education purpose only
Biocon good for investment purposeHi sir
This is my view
biocon can generate good return within 3 to 4 years
best stock for SIP and mutual fund
BIOCON - SWING TRADE - 12th January #stocksBIOCON (1W TF) - Swing Trade Analysis given on 12th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout & Retest - Done ✓
- Volume Spike at Resistance - Done ✓
- Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #biocon
BIOCON in BUY Range !!Biocon looking good at current range of 230-240
mutual funds increasing
fundamentals decent
sales growth at 54% 6884 cr
profit grow at 35 %
Early signs of strengthFib- the short term trend in this counter is extremely bullish. Hence any dip is an opportunity to buy.
RSI- RSI taking higher support on hourly chart is very positive
positive divergence on the 15 chart is indicating reversal.
Conclusion- Buy above 283 on a 15 min close candle. T1 292
Trend reversal As per set up, MACD attempt to cross centre line with huge volume, and RSI is bullish, moving averages are positive, so from here, trend reversal signals are coming, looking good for next 6 months, levels 350 and 380 can be seen.
#Biocon : A sleeping giant awakening?#Biocon A sleeping giant awakening?
Breaking free! The downtrend seems to be fading, and whispers of an uptrend are in the air. Time to grab some before it takes off? #Bullish
CMP 291
Trendline breakout
Volume buildup
#BREAKOUTSTOCKS
#nifty #nse #pharma #Multibagger
#StocksToBuy
Biocon Longterm Downtrend breakoutBiocon Best Buy at dip
longterm downtrend breakout
concentrate if price sustain above 300 in daily
good move may happen
BIOCON makes a buy setup Breakout after about 3 yearsBIOCON has been making Lower Highs and Lower Lows for the last about 3years, on the weekly chart, as it dropped 60% between Dec 2020 high and March 2023 low. After that it made its first Higher Low during October 2023, and this week it broke its prior swing high thus making a Higher High. The latest move since March 2023 is also marked by volume support as the bullish volume bars are much bigger than the bear volume bars indicating possible institutional accumulation. The balance of probability now looks to be to the upside.
Only personal analysis. No recommendation. For any market action please consult your financial advisor.
BIOCON#BIOCON has broken out of the range on the weekly chart. While there's a minor resistance, as indicated on the chart, the high volume and strong relative strength lead me to anticipate the stock absorbing the supply and reaching new highs.
