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
Bioconbreakout
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.
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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"
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.
BioconBreakout in Biocon, despite the selling pressure it was holding strong. Add it in your watchlist for tomorrow.
