BIOCON UPDATE
🚀 Biocon (BIOCON) – Moving After Consolidation – Stay Confident! 🚀
Trade Update:
I entered a long position on Biocon during the consolidation phase, and it’s now starting to show some movement. The price action has been quiet for a while, but we are finally seeing the breakout I was anticipating.
1. Breakout After Consolidation:
The price is now moving upwards, confirming the breakout and the end of the consolidation phase.
This is a classic move where price breaks out from a range, and the momentum can carry it higher.
2. Technical Indicators:
Volume has been increasing, showing that this move has strength and backing.
The Moving Average (MA) is also supporting the bullish trend, with the price above [mention MA level].
3. Current Position:
Entry: I entered at 324.20 avg during the consolidation phase.
Target: My first target is with a potential for further upside if momentum continues.
Stop Loss: I’ve placed my stop loss at to manage risk in case of any pullback.
4. Trade Management:
I’m monitoring the price action closely. If the move gains more strength, I may adjust my targets higher.
For anyone who followed, ensure you’re keeping a close eye on the key levels of support and resistance to manage risk effectively.
5.Confidence in the Move:
This trade was based on a strong technical setup, and I’m confident it has the potential for further upside as long as the trend continues to hold.
Disclaimer: This is my personal trade and not financial advice. Please do your own research and manage your risk appropriately.
#indianstocks #pharmasector #cnxpharma #swingtrading
Trade Update:
I entered a long position on Biocon during the consolidation phase, and it’s now starting to show some movement. The price action has been quiet for a while, but we are finally seeing the breakout I was anticipating.
1. Breakout After Consolidation:
The price is now moving upwards, confirming the breakout and the end of the consolidation phase.
This is a classic move where price breaks out from a range, and the momentum can carry it higher.
2. Technical Indicators:
Volume has been increasing, showing that this move has strength and backing.
The Moving Average (MA) is also supporting the bullish trend, with the price above [mention MA level].
3. Current Position:
Entry: I entered at 324.20 avg during the consolidation phase.
Target: My first target is with a potential for further upside if momentum continues.
Stop Loss: I’ve placed my stop loss at to manage risk in case of any pullback.
4. Trade Management:
I’m monitoring the price action closely. If the move gains more strength, I may adjust my targets higher.
For anyone who followed, ensure you’re keeping a close eye on the key levels of support and resistance to manage risk effectively.
5.Confidence in the Move:
This trade was based on a strong technical setup, and I’m confident it has the potential for further upside as long as the trend continues to hold.
Disclaimer: This is my personal trade and not financial advice. Please do your own research and manage your risk appropriately.
#indianstocks #pharmasector #cnxpharma #swingtrading
Disclaimer
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