PA in biocon is showing a consolidation pattern and the range seems to e kept intact as seen by the large volume engulfing candles. Prepare for a breakout towards 1400 levels. PA moving below the blue line invalidates any immediate long move. Trade safe and good luck to y'all!
Hi, We may get potential bullish bat long setup on Biocon hourly chart. Trade levels shown on chart. As Usual, Risk/Reward is highly favourable for Bat setup. Also a RSI BAMM may develop for this trade - Watch out RSI while price enters in PRZ. Trade with Care, Gulz
Positional Short Trade. CMP 1092 Target 1020 SL to start with 1140 and then trail. Best zone to short 1092-1115
biocon trend is up gone through a correction and took channel support 1111 is stop loss might go up to 1160/1170/1190
The stock is undergoing small correction , but surly the buying pressure is equal in force if the price fails to hold 1094 then I'm looking sell and book the profit at 1087 as there is huge demand at that level Lets see what happens Cheers
Make sure you hit the Toping tail candle is found and make money in day trade I'm looking to hit on rise and take profit would be 1094/1083 if price gaps down in fear then I would be little hesitate to enter for short Cheers
Dis stock at its make it or break it level let's see how dis setup work in coming days. once i got confirmation on dis i will share with you all so stay tuned. hit like if you agree with the plan and follow me for more updates and ideas.i really appreciate your support and feedback. regards king 999
It has been observed in one hour chart of biocon, the price action has broken the upward channel. RSI has formed a regular bearish divergence. When the price is making a higher high (HH), but the oscillator is making lower high (LH), it means regular bearish divergence has formed. MACD is showing weakness. Sell below 1125 with the stoploss of 1140. Targets are...
I'm looking to short once the price Brakes 1120 for Target of 1106/1098 with stop of 1134 Cheers
from november biocon is trading inside upward channel and stock is trading narrow for the past 3 days expect a up move towards channel resi. around 1200 sl at 1080
Andrews Action/Reaction method has suggested a short and it made Big Red candle showing the selling pressure at that level. It has also broken the short term trend line telling the weakness at least in short term. Prices are retesting the Supply Zone and trend line from below, so one can put the stock into their radar and short the stock on seeing the weakness.
Short below 1072 Stoploss 1082 Target 1067 1060 1052
Biocon has been trading in uptrend and closed on weekend forming piercing pattern indicating bulls have again stepped in. we may see further upside in this stock up to 1120 in near term.
Biocon has broken from rising trend line with rising volumes. It has closed below 20 Day EMA. It has also formed lower bottom on daily charts. One can initiate short position around 1070-1080 levels with stop loss of 1090 (closing basis) for target of 980-1020 in next 8-10 days.
Biocon is in the midst of Cycle wave 3, consequently we have seen solid momentum since early 2016 in this stock. Hopefully, the EW counts are self explanatory. We should see a pause to the rally in the short term.Traders should short the scrip for targets below 1000 (possibly upto 900). Investors can accumulate in 800-900 range. Note: This post is only for...
Biocon is still a buy for short to medium term for possible targets- 1200-1250-1350. SL is marked area on chart
Last Price@946 Intermediate Wave- (1)-(2)-(3)-(4)-(5) Minor Wave- 1-2-3-4-5 From 90 lows in 2009- Biocon has travelled into the nested wave structure (1)-(2)-1-2. Currently moving into 3rd of (3) wave. Minor wave-3 was done at 1020 highs in Oct2016- since then it had a severe fall to 804 lows which retraced 38.2% & the rise from 804 lows looks choppy &...