LETS SEeits given good signal but not entry this time may be profit booking time is now ,,, when retest then may be entry activated
i am not fi adviser
BIOCON trade ideas
VIEW ON BIOCONBreakdown on the stock
Can go much lower
I am just representing my views
For educational purpose only.
biocon 12 month chart analysis with best levalHi every one
157
95
profit leval
you can take risk to buy here
I mentioned eveerything in chart
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 longbiocon can be long for short term from 235-229 zone with 224 sl
targets in the 250 range as per mentioned above
BIOCON Buy for intraday tradingBIOCON Buy for intraday trading if stock breaks the given resistance level.............
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.
biocon monlty long 222let it cross 230 and on confirmtion take monlty long with 6% risk
let it cross 230 and on confirmtion take monlty long with 6% risk
BIOCON LTD. : Downtrend continue Biocon Ltd. Stock on Daily TF we can see the Down trend from Jan 2021 which is still continue. Stock made new lower low and trade below 20day MA. Momentum of short term and long term also weak.
Entry : CMP
Sl : 242
Downside Move : 214
BIOCON Buy for intraday tradingBIOCON Buy for intraday trading if stock breaks the given resistance level........
BIOCON - me to look for longs soonOn a daily its looking to soon reach the bottom and then stake a small recovery before another fall.
TP and ENTRY are in the chart... tread lightly
Happy new year to all
We may Short Biocon If open GAP DownBiocon Resistance is 245.
If open Gap down below 245.
Sell for the target of 240
SL 246.
BIOCONIt is forming triangle pattern. Once breakout long can be initiated. Target should be kept higher and trailed as much as possible. It is near lower level so target can be kept more.
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
Biocon, many supply zone inside weekly low and origin-wait watchBiocon, many supply zone inside weekly low and origin-wait watch
Iff the weekly demand gets broaken, then plan for short in those daily supply zones
Biocon - Bearish N waveBearish N wave in Biocon - the bearish retracement met its target of Fib retracement levels and possible continuation of the downward is in act.
#BIOCON #LUPIN #DIVISLAB #ALKEM #IPCALAB #GRANULES #AUROPHARMA#BIOCON
NSE: BIOCON
CMP: 267
TP: 320
SL: 250
TF: <6m
RR > 4 times
Return > 20%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Long Term Investment Idea Biocom forming a Double Bottom. Double Bottom Pattern Kind of Scenario is seen in Biocon. Biocon is a long term investment idea. It can be frustratingly slow moving at times.
Biocon Ltd CMP-267.05
Red Flags:🟥
Decline Net Profit
Decline Annual Net Cash Flow
Green Flags:🟩
Zero Promoter Pledge
Improving Book Value
Dividend Yield @CMP – 2.51%
Happy Candles Number –59/100
X/3 Entry: Closing above 278 closing.
X/3 Entry above 295 losing.
Final X/3 Entry above 308 closing.
Targets: 319 and 335.
Long term targets: 350.
Stop loss: Closing below 255.
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.
