BIOCON#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.
BIOCON trade ideas
BIOCON MOVING IN A CHANNEL CAN GIVE MAJOR BREAKOUTThe stock is forming lower lows and trades in a fix channel it can give good positional returns
Biocon Stock for Medium term investment like mutualfundHi 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 - Cup & Handle PatternBiocon 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 candle has not yet happened, and it fell thereafter. Let's wait for the break-out above the price and we can see a good move. Patience and right entry is key.
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BIOCON giving breakoutBiocon ltd can be bought at CMP with a SL of 189
Targets-
T1-312
T2-408
T3-471++
Thank you
BIOCONHello & 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 this helps
Happy Investing
Biocon: An ascending wage and possible breakoutBiocon 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 price level with good volume and must survive over it.
Exciting Bullish Pattern Alert!📈 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. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Long term investment idea💡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
Uptrend Channel Pattern Reversal in BIOCONBIOCON 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 loss below 240- or last swing Low.
Near Trendline confluence : planning to list Biosimilar businessBiocon is planning to list it's biosimilar business
biocon sell at current leveltarget would be 229
sell zone from high
today sharp move from morning and now its start lower low mwking from resistance level
its a clear sell trade
BIOCON: Paralell Channel BOYesterday 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, rallied to INR 273.15 or 4.50% yesterday and given a parellel channel Breakout. As the Parma index is also trading near all time high, so i am expecting the bullishness to continue in the pharma sector.
Now, going ahead one can can create a bullish postion at cmp of 273.15 or below with stop loss of 272 on DCB for the tragets of 280/288.
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Biocon to take long entryLong Biocon above 250 after the BO of marked resistance area. The stock holding the support area & high probability that stock will bounce back. All important levels have been marked on the charts. This is for your educational purpose only.
Buy BIOCONTrading at confluence
Hidden Bullish RSI divergence
270+ possible if hold 243 on daily closing
BIOCON Break out and Targe 270 as per Day chartBiocon is on the breakout and target 270 as per Day chart.
BIOCON 270 CE for Aug. will provide better Risk Reward for option buyers.
BIOCON Looking GoodAfter Giving breakout of long term resisetence BIOCON looking good we may see a good upside in upcoming days
Biocon Buy setupBiocon has formed channel pattern and gave breakout and came for correction.
buy @ cmp
stop around 241
target of 268
BREAKOUT, BIOCON LTD, 74% RETURNS!!!BUY - BIOCON LTD
CMP - Rs. 254
Target - 1: Rs. 329
Target - 2: Rs. 391
Target - 3: Rs. 442
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Timeframe - 1-2 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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biocon -waking up from slumber bullish changes evolving
1. inverted head and pattern
2. price crossing 200 day EMA with heavy volume
3.price bouncing from 2019 support level
4.MACD 50 -100 crossing zero line after a long timr
5.MACD 12-26 Above zero
6. price>18>50 day EMAs
can acculmulate at current price for good gains
Biocon looks good for buying for short termBiocon looks good for buying for short term. Targets will be 300 and 335. Reason for trade, 23 May candle was high selling volume candle, price has closed above this candle high with good volume and price movement. This can give thrust to price movement.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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