Biocon fut - stong support in range 250-245 day closing bases buy in range 250-260 next week with support 245 day closing bases for upside moment towards 290 in 4-6 weeks .
Considering Nifty’s current resistance levels, it appears that Biocon may be a good candidate for a short position. This could potentially result in a favorable risk-to-reward ratio on the short side, as there may be a chance for a time or price correction.”
BIOCON seeing Falling Wedge Pattern with Rising Volume, once Volume is absorbed, it can pullback on upside, Stop-loss recent weekly Low Positional trade for a month or quarter.
BIOCON future, looks good for a small sell and big time buy for a long term. check the market and trade accordingly.
"AFTER SUNPHARMA AND GLENMARK TURNING OUT TO BE A BIG TRADE" BIOCON IS TUNRING OUT TO BE A BIG TRADE BREAKING OUT OF THE ASECNDING TRIANGLE ON OTHER SIDE THERE IS A HUGE GAP BETWEEEN 442-426 LOOKING GOOD FOR UPSIDE "NOTE TRADE ONLY IF STOCK PRICE CLOSES OR TENDS TO CLOSE ABOVE 423 IN FUTURES" TRADE BIOCON FUT...
biocoin possible short breakout happen target mentioned
It may breakout from ascending triangle
tgt may be 440/445 sl 430
Biocon fut Analysis - Daily time frame 1. Supply zone 2. Double top 3. Bearish RSI divergence 4. @ "C" point of Harmonic can reach D point to get ready Bullish Bat Biocon fut CMP 433.75 Short for Target 415-404-385-375-360-340+ SL above 450 Option Players can buy 420 PE CMP 7 Target 12- 18- 24- 30+ SL 3 PRZ 335-320 ( Bullish Reversal)