Bioconlong
BIOCON - Levels for Positional trade- Duration 10-15 daysFor positional Trade :
Currently trading in channel range & taking retracement support at fib 50% retracement
Good Risk to reward ratio
R-429/448/463
S-418/413/407
(No entry zone-417-424)
Disclaimer: I am not SEBI Registered ,This is just my own view.
Bullish Signal in BIOCON - Short-term swingThis analysis is purely based on Price Action & Chart Patterns.
Image is self-explanatory with both logic & trade-strategy.
Trade can last up to a couple of days to few weeks depending on the price behaviour.
*Kindly do your own research & then enter in any trade at your own risk*
Pls comment for any query or suggestion.
BIOCONNSE:BIOCON
EXPECT CONSOLIDATION IN PHARMA SECTOR TO END ,BIOCON EXPECTED TO GIVE GOOD MOVE
BUY RIGHT SIT TIGHT
IF BREAK 402 LEVEL BUY CANDIATE ON PULL BACK
IN RED PATTERN STOCK IS EXPECTED TO MOVE
PALAT TRADE
SL SHOULD BE CLOSING BELOW RED LINE
VIEWS INVITED
BIOCON - BREAKOUT CANDIDATEStock has been trading in a narrow range from past 16 trading session.
This is probability play on the upside breakout because of good risk reward ratio.
Close below the 378 levels , would negate the said probability.
BIOCON - RANGE BREAKOUTBIOCON has seen a range breakout in yesterday's session and today we are also seeing follow through and sustaining above 390 levels can take stock to 413, 435 and 450 levels.
Any dip in the stock ,can be a good opportunity to enter the stock.
Note :Higher time frame are also in alignment with this trade -setup
Do not follow blindly, please do your own research.
Long Term Picture of Biocon - A really BullHey everyone,
Biocon is still a good buy 350-365 range for Long term Investment. Target should be 520 in the year 2020. Stock Momentum is good in upside and can be considered to add in any Portfolio.
