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BIOCON LTD.

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BIOCON trade ideas

[Intraday] Biocon Intraday Bet Weekend ScannerWeekend Low Scanner Time frame - 60min Level - 12 Biocon has not broken the high of the previous candle in the 1H timeframe for last 12 candles. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:BIOCONLong
by Amit_Ghosh
biocon its subsidiary Biocon Biologics has completed the integration of the biosimilars business acquired from US-based pharma company Viatris in over 70 countries, according to a Wednesday filing. Biocon Biologics had agreed to acquire Viatris Inc's biosimilars business for $3.33 billion in February 2022. "The transitioning will allow Biocon Biologics to meaningfully expand the geographic reach of the existing biosimilars portfolio and future pipeline into growth markets where Viatris has existing sales infrastructure and local market expertise," Susheel Umesh, chief commercial officer - emerging markets at Biocon Biologics.
NSE:BIOCONLong
by Tradernawab
BioconAssuming you had the Biocon then hold the stock as it is currently trading near its one of the strong supports which range around 200-220 price. As at broader level Indian stock market do not look into negative zone and rather it has sustain the last drop in march 23. So, the stock is in diminishing mode and does not look to at very much upside. Because it is already a overvalued stock and may gain bounce back again with broader market gains within a range of 265-280 price and also track with TA if it goes beyond 275. But if it goes again below 210 then exit and look for other stock to invest or wait till its another bounce back to for reentry/more investment. The company is good and profitable its just it is overvalued right now. So not much interest by new players investing into stock. So price would range bound. May sudden rise come after 1-2 years later till does not look very prominent to give return more than 12% pa for next 2 years until something like covid happen. Certainly, only if you want to make new investment into this stock then you should buy at a price of around 230-240 price with reasonable capital on which you can bear a loss upto 15-20% because it may rise a bit with 2 year perspective around 300 price or may fall again around 200-210 price as per its currently diminishing mode and below that do not thing good to hold the stock. Otherwise, if want to make new investment then pls do find other stock and not a diminishing mode stock. I am not a legally authorized person to advice. Even they are also wrong in this market. So, just relate and keep the perspective which you understand and ignore others.
NSE:BIOCON
by UnknownUnicorn12541368
BIOCON - MONTHLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:BIOCONLong
by Tradelikemee
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"
NSE:BIOCON
by ChartsSpecialist