Biocon limitedStage 2 breakout With 10,30,40 weekly ema's aligned and moving up. Highest volumes in 2 years. Rs moving into positive zone.
BIOCON trade ideas
Biocon Swing trade WeeklyBiocon looks good for swing trade. 325 will act as very Good Resistance. And pull back may be expected from their. Once 325 resistance is broken its looking good for Long term.
This is not an Investment tip. Just for educational purposes do ur own analysis and invest accordingly.
LOW RISK HUGE RETURNS Fundamentals good
Technical improvements showing clear in lower frame
I personally take entry according to my RM
SL SWING LOW IN DAY FRAME
BIOCONNSE:BIOCON
Buy@cmp
sl below 265 on daily closing basis
Rsi> 55
Target 285/293/300
MA showing Buy
Volume is also Goodforswing trade
BioconBiocon is looking good for swing. Trendline breakout is successful wait for previous swing breakout. Keep an eye on it.
BIOCONBiocon looking strong confirming double bottom pattern supported by gud volume. Only one problem in this stock is 200 MA is not supporting in weekly time frame the the stock may halt there.
my trade will be buy above 283.
SL 247
Trade with risk reward ratio . Trade will be positional
BIOCON UPSIDE Here is a chart regarding BIOCOIN. We can see that the stock is coming out of a weekly FVG showing higher chances of going up. There are two orderblocks attached where targets can be placed. Stop loss is dependent on your risk tolerance as market conditions are very volatile. Do your own risk management and research this is not a buy sell reco NSE:BIOCON
BIOCON - Long(16-12-2023)BIOCON
Buy Above 265
For Target : 268-275-284-310
SL 233
Please consult your financial advisor before investing
All research for educational purposes only.
BIOCON WEEKLY CHARTBIOCON WEEKLY CHART
Ellipse breakout @ 280 MOB 1 @ 355-380 MOB 2 @ 440-455
Biocon has witnessed an ellipse breakout @ 280 levels, Expected move 1-2-3-4-5 as explained.
Its only an observation & not any suggestion or recommendation.
reason to go long on bioconstock has break the daily resistance and had a huge volume at the beginning of uptrend.
the real confusion is by MTA all the volume look bearish but the stock has started UT.
need to learn more regarding volume analysis
retesting the testing retestingShare retesting his support which was recently Resistance trained already successfully change for upside so I can assume this year will be future higher and higher
BUY BIOCON ABOVE 287 for Target 293 / 300 / 320. Stoploss 275There is decent consolidation after recent rally and BIOCON expected to go higher above 287 breakout.
The quarterly results on 8th Feb 2024 and target 320 is expected before results.
Keep Stoploss - 275
Biocon trade setup 27th November 2023 (Language Hindi)A short two minute overview of Biocon and levels to watch. Before taking any trade please do your own research. This is only an insight from us thank you
Breakout of Rising widge channel in biocon After a series of consolidation in biocon it's gives are rising wedge channel break out and we can see 362 and 400 level in coming few weeks this is not a recommendation just the view
BIOCON breakout seen on weekly chartBreakout has come after being in downtrend since Jan 2021.
Stock has moved above 50 MA on weekly chart with huge volumes.
Higher lows and support can be seen.
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.
BioconStock name = Biocon Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
BIOCONNSE:BIOCON
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BioconThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This I am not sebi ragister❗
BIOCON LTDBreakout with good volume, crossed resistance and trendline this week. Looks like it will soon come out of consolidation and will shoot up.
A new wave began in BIOCON _35% upside The bio pharma company is on its way towards the 320 in a wave 3 structure according to the Elliot wave. That shall be a 35% jump from the CMP.
The biologics major had set out an impressive impulse wave from march 2023 - Sep. 2023 and rallied around 45% during this period.
Upon the completion of the wave 1 however the company slid down in wave 2 structure(Elliot wave zig zag in this case) and completed a crucial 61.8% retracement of the Wave 1 rise.
The stock is making a move right from this crucial 61.8% retracement support level.
The Wave 3 target is projected to be around 320 zone.
It is also important to note that Biocon posted a 168% year-on-year rise in its consolidated net profit for the September quarter to Rs 126 crore. Biocon's revenues grew by 50% to Rs 3,462.3 crore. The results were declared on Friday after the market hours and the stock gained a little over 3% on Muhurat Day trading(Sunday evening).
Note*- This chart is based on personal observations/opinions. Please do your own research/analysis before making any financial decisions.
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.
