biocon buy for swing/positional
biocon buy near 332
avg at near 326
sl at 320 4%sl
tgt 4% 8% 12%16%18%
Bioconanalysis
BIOCON BEARISH FLAGFollowing the decline, the price entered a consolidation phase, trading between ₹300 and ₹320 for several days, forming the flag.
The price then breaks below ₹300 with higher volume, confirming the bearish flag pattern.
Traders interpreting this pattern might anticipate further decline in Biocon's stock price and consider short-selling opportunities or adjust their investment strategies accordingly.
BIOCON is good for long term or swing investment ? :-)yes absolutely, it is good as per market structure and exact reversible. my entry 291.30 and sl at 291 and target will be 597.65. Biocon going to boom with in 6 month or one year.
Biocon right now is stagnant, still a long term investment idea.Biocon Ltd. CMP – 249.30 (Long Term Investment Idea) (But can be frustratingly slow moving and stagnant)
Market Capitalization Rs 29,931Cr
Red Flags:🟥
High Valuation (P.E. = 60.1)
FIIs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 53/100
New Happy Candles Number – 58/100
X/2 Fresh Entry/ averaging / compounding after closing above 251
Final Entry 258
Targets: 264
Long term target: 274
Stop loss: Closing below 220
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
BIOCON--@Trendline??this stock is near its trendline....but no sign of bearishness...
if we want to go for short wait for the price to break the trendline and retest...
A strong rise is observed from 235 levels....
if price breaks the trendline look for buy @235 zone....
Don't go for short side...
Biocon Share elliot wave analysis Biocon share complete Wave 1 daily time frame . and price come downside wave 2 . Wave 2 internal wave a,b,c complete or 0-b trendline breakout wave 3 start volume increase wave 3 target 300
BIOCON : Near weekly supportBIOCON is trading in down trend since many days. now its near to its weekly support.
wait till it touch weekly support and sustain there. 245 can work as trend changer.
Lets wait & watch to cool down near support and forming some positive candles.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
RSI BULLISH DIVERGENCE Near SUPPORT !!!BIOCON Trading near strong monthly support zone of .. 223--- 210. There is bullish divergence also between PRICE & its RSI in weekly timeframe.
Price also taking support near demand zone.
#BIOCON📈📉
👉🏻Stock approaching strong Monthly & Weekly Demand Zone✅
👉🏻 223-10Support Zone 👍
👉🏻Stock Showing Strength from support📈📈
👉🏻 Good For Investment View📈📈
👉🏻RSI Bullish Divergence On Weekly chart✅
👉🏻TGT------ 243/258/280++ ✅
👉🏻Low Risk High Reward Setup🎯
👉🏻Add To Your Watchlist✅✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
BioconBio - CON
Broken the long term ( 14 years) Up sloping Channel
Broken the ST term ( 3 years) downward Channel
Possible H&S
Momentum Indicators bearish
LOW RISK HIGH REWARD IDEA BIOCONAs per Fibonacci levels NSE:BIOCON has been retraced 70% on weekly chart. Now price is trading at major support of 270.
My idea is to take entry at 270 with Stop Loss of 255 (-15 Points only). My expected up side target will be 287 (+17 Points) & 311 (+41 Points). This could be low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks.
BIOCON ShortTerm Positional upside ideaNSE:BIOCON is sustained above major resistance of 270.
My idea is to take entry once price correct or retest level of 272. It will be best risk and reward option.
My stop loss will be 255 and upcoming target would be 316 & 349.
Note: This is my personal analysis, only for learning.
Thanks.
BIOCON, TOUCHED ITS BOTTOM!!Biocon is in its lowest support. soon the bull rally of oharma is going to come. you could see the last candle, made a touch to its lowest support and bounched back up.
adding on: even look at the size of last 3-4 red candles, which are getting smaller in size. saying that sellers are getting in control, and markets forming a range.
price targets are mentioned.
Biocon Elliott Wave AnalysisBiocon 320 Above Weekly Close Next Target 360
good for Swing Entry 320 above close
Simple Trade Setup | BIOCON | 18-04-2022 [INTRADAY]NSE:BIOCON
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BIOCON LONGBiocon formed a double bottom pattern and is ready to move upwards.
One can either wait for re-test r can also enter with 325 levels as STOPLOSS.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
BIOCON - IntradayEntry 398
Stop Loss 394
Target 406
Plan of Action
Trade with 250 shares
RISK : REWARD Ratio 1 : 2.00
Profit
(Pre brokerage) 2000
Loss
(Pre brokerage) 1000
Purely for intraday only.
Please trade after thorough study.
This article is for education purpose only.
"Long BIOCON above 380 "Falling trendline breakout with increasing volume
Biocon looking bullish if it close above 380 ,wait for closing ,
looks good for target of 420,480
bioconHave a good support in the trend line
Down Trend line breakout
For a target of 400 to 410 and s.l of 330-310
NSE:CADILAHC LongNSE:CADILAHC
#CADILAHC reached to strong support level and trying to bounce.
Sustainability may give good upside momentum.
Post confirmation one can try 500 CE with a SL of 485
biocon LTD bullishbiocon
1. a type of channel is forming
2.going to test trend line (green)
3. bulish upto green trend line
4. if it breaks go for long again
biocon bearishbiocon can be stabilizing but shorting at high is the best option we have , RSI may be showing oversold jone but it can stay oversold for longer than bulls look like anticipating.
Biocon Ready For UpsideBIOCON
Buy- Above 395
SL- 380
Target 410 420 430
Duration- 10-15 Days
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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