BIOCON trade ideas
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.
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.
biocon looking good tgt are 300 315 320 360 400
sl for this is just 260 on clsing basis
disclaimer just for view purpose
BIOCON could be bought at 238 leveli see stock going down till 237.75.....which is a good level to buy
BIOCON IS IN TRENDLINE FOR BUYINGBIOCON is in trendline for long term buying, its good to hold it for 6 months to 1 year. it is in good support. Trail stoploss.
BIOCON, TOUCHED ITS BOTTOM!!Biocon is in its lowest support. soon the bull rally of oharma is going to come. you could see the last candle, made a touch to its lowest support and bounched back up.
adding on: even look at the size of last 3-4 red candles, which are getting smaller in size. saying that sellers are getting in control, and markets forming a range.
price targets are mentioned.
Biocon Elliott Wave AnalysisBiocon 320 Above Weekly Close Next Target 360
good for Swing Entry 320 above close
BIOCONBIOCON - Hidden bullish divergence accompanied by max volume at profile support.
The risk reward ratio is highly favourable here.
One can go long with a SL of this week's low.
