BioconNSE:BIOCON In fury to touch 426 and expecting a fall to touch 367 for any further upward journey. A close above 435 in Daily will be new Bull wave.
BIOCON trade ideas
SPOT: BIOCON Current price 399 SL 395 Tgt 407, 413SPOT: BIOCON Current price 399 SL 395 Tgt 407, 413
BIOCONBIOCON
The chart has been marked with the levels and support, self explanatory
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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GO LONG IN BIOCONONE CAN GO LONG IN BICON AS THERE IS RSI BEARISH DIVERGENCE AT SUPPORT TARGET IS 460 N 465
Biocon on Sell, nearest target and support 414Biocon on Sell, nearest target and support 414, if it crosses it can touch 402 levels
EXPLOSIVE MOVEMENT IN BIOCON TOMORROW PENANT FORMED , WILL WAIT TOMORROW FOR15 MINS AFTER THE MARKET OPENS TO SEE WHICH SIDE THE STOCK GOES ACCORDINGLY WOULD TAKE THE TRADE
ITOLIZUMAB CONTROVERSIAL COVID DRUGNot in this trade but looking for an entry when it does drop and the support level at previous ATH meeting the uptrendline from 2016 would make sense.
4hr time frame we have the 50 day which has been acting as support with us hitting some sort of resistance at 444.
408 looks like a good entry for a short term trade with targets on the chart since am bullish on the nifty till the 26th of August after which i think i should have scaled out of most positions ..
Think this has earning's coming up this week not sure what they would be but technically we are looking good to continue price discovery .
390 is where i'm interested in to enter when it does drop. lets see how this plays out next few weeks.
Just did a quick search about the company and the news, recon the people should fomo into it some more for a nice blow off top so beware!!! enjoy the ride to those on it :)
Biocon from 5 July 2020Biocon is again showing sign of coming out of consolidation zone though volume is not increasing much
MFI is increasing n possible breakout possible
monthly analysis
1. at max 15 % increase possible ---> 400 * 1.15 == 460 ( at max ) (highly unlikely )
2. at max 15 % decrease possible --> 400 * 0.985 == 340 ( at max ) ( highly unlikely )
safe upside setup is to buy at 401 with SL : below swing low with target of 2R
option strategy ..
Heart of steel --> Million miles journey
1 .Sell 340 PE + Buy 300 PE ( less margin req )
Biocon under SM triangle can break since biocon got approval for COVID 19 medicin can give good return on short term
Shorting Biocon till the next Fibonacci retracement Biocon seems to be at a weak position , Buying climax is clearly visible complimenting low volume and low price action.
