BIOCON- Breaking after resultsChart has formed a doublebottom pattern and in verge of breakout with huge volumes, Entry above 378 with Stoploss 350
BIOCON trade ideas
"Long BIOCON above 380 "Falling trendline breakout with increasing volume
Biocon looking bullish if it close above 380 ,wait for closing ,
looks good for target of 420,480
BIOCON LTDStrong Stock
Use treling stop loss and continue big really.
All technical indicators are bullish.
This is a swing trad approx. 1 to 3 week.
bioconHave a good support in the trend line
Down Trend line breakout
For a target of 400 to 410 and s.l of 330-310
BIOCON : WILL IT CONTINUE THE PATTERN ?GYANEE -BIOCON
CMP 364
Stoploss 320 - (44) Points per share
Target 470-500-530 - (106-166) Points per share
It is following a channel pattern , from long time and has taken support recently , result is due today that is 20th jan for 3rd quarter , this can be a good trade if result comes in favour. However slow mover from many days and following this trade from more than 2 months approximately. NSE:BIOCON
BIOCOINBIOCOIN taking resistance of 200 EMA from last one year. Its took resistance 6 times and again BIOCOIN near the 200 EMA, watch the price action near 200 EMA what's should happened?
BIOCON LTD - BIOCON(NSE) | FLAG CONTINUATIONBIOCON LTD - BIOCON(NSE) has been forming a Flag Continuation Pattern since the start of 2021, when viewed in a day's period. A price level of 372(red, dashed line) had acted as a good support and the price had bounced back from there till 479(green, dashed line) in the past. Hence, a long candle cutting the rectangle upwards can trigger a rally till 479, which can happen in less than a month, after the breakout. Watch thoroughly, as the price is nearing the top boundary of the rectangle.
BIOCON - ButterflyBiocon forming butterfly , can long till prz of 414-415 , best entry would be at 368-70 .
Ready for Long???Respecting trend line from long time. Seems like it was breakout and successfully retested.
It can be bullish above 386 as per my view.
Note: This is only for Educational purpose and I respect each view, please do comment if this is wrong
Biocon trendline breakoutBuy above 380
Sl own
Target 420 440 500
Triangle pattern formation and breakout with good volume
RSI Indicating strength
Good for swing and short term trades
BioconBiocon is placed at very critical make or break level. 374 is very strong resistance for it, In the past did try to break above this level but couldnt be able to sustain for a session or two.
374 happens to be 50% retracement level from recent swing high-low.
So if biocon gives close on hourly chart either above or below 373.60, with following candles confirmation sell below 373.60 or buy above 373.60.
Will update on tgts n sloss once activated.
Biocon Technical Analysis Have a look at Biocon chart, It has given breakout after consolidating for an year.
Bullish view on BIOCON but only if breaks trendlineDowntrend but a reversal pattern is formed:
Inverse Head and Shoulder.
Facing resistance on the trendline.
If breaks trendline and goes above 377,
then see the candle pattern on 15 minute time frame and buy around 380.
Target = 420
SL = 350
Biocon Swing TradeA down trend channel pattern is formed and the trend reversal is around the corner.
Buy above 375 after the breakout from channel pattern.
Target 419.
SUPER DUPER STRONG SUPPORTIT has taken a support of 200 ema
it also take support on trendline
it has taken a support on fibonacci 0.61% level
BUY BIOCONvery low risk entry weekly Candle Shunting till 456 with daily ICMC BO1 & BO2 in place.
Monthly no overlap.
entry at 342 with SL bellow 314
BIOCON BUYBiocon downward trend may end now.
This is very low risk entry.
entry at 342 for possible upmove till 456 with SL bellow 314
BIOCONNSE:BIOCON
looks like a bottom made in Biocon should head higher from here , looking for all time high and higher targets as price unfolds...
Biocon - BuyBuy Buy Buy.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
Biocon - At good support zoneHi Traders,
As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-.
But if the support zone fails to provide the support to price and broke in the downward direction then you can take the short trade ( 1 hour candle should close below the support zone) to take the trade.
Based on the price movement you need to assess and take the trade. I will also update about the trade you can check in the trading view under my ID.
This analysis is for short term trade and not for Intraday.
Note :
This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
