Biocon formed reversal pinbar at resistance. One can short it with SL above 686. However, if it crosses it with good volume, trade can be reversed for new high.
long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Runaway Gap
Forming Higher Lows
Pinbar range brokjen with strength
CCI(W) crosses 100
CCI(M) >100
Poised to touched 690 on conductivity logic
If breaks 720 then can reach 830 / 900
SL 543
VWAP below 25SMA and candles below vwap .. is a short journey
VWAP above 25SMA and candle above vwap .. is a long journey
Back test and lemme know.
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closed below 200 MA on daily
testing weekly chart trend line(blue) managing to keep above the trend line so far
found support at 78.6% important fib levels
long (positional):
above 625
if further selling comes as the may test 560-570 levels (pink line:monthly support)
which may be a better buy on dips
weekly:
ICHIMOKU BUY SIGNAL
daily:
short below 600 to fib...
NSE:BIOCON
ENTER THE TRADE WITH FOLLOWING LEVELS:
ENTRY: 619
SL: 605
TARGET-1: 624.60
TARGET-2: 630.80
TARGET-3: 637.00
TRADE AS PER YOUR RISK APPETITE
STAY CONNECTED,
EARN HUGE PROFITS; TAKE SMALL LOSSES
