BIOCON trade ideas
Triangle Breakout or you can say a flag as wellIt's above 200 EMA and given triangle breakout, Target will be around 350
LONG - BIOCONLooking very good for long position. have updates the entry , target & stop loss.
#DYOR
BIOCON can see levels of 296/317 in near termBIOCON trading near resistance Zone, breakout will see good upside 296 is 1st TGT & 317 is 2nd TGT with SL 248.
BioconBecausious longs, according to me its time to short this guy, since its very close to its resistance and indicators are showing bearish divergence, so one can have a very small stop 0f above 270 and short it for the targets in the zone of 235 to 230 which is near its trend line above which it had given a breakout and taken support there one should square off shorts once it approaches that trendline on the downside
biocon at interesting point int he downtrendwould be a scrip to watch out for signs of reversal at 200 week moving average and 50% retracement
lots of brokers have changed stance from neutral/sell to buy/accumulate..
reference
trendlyne.com
disclaimer... not an investing/trading recommendation
Trade 1003: Now price at retracement level for long buy SL compuFor intraday purpose only
SL compulsory
731 (For Intraday) Strong reversal possibilityGap up or gapdown (+_ 2% destroys the assumed scenario)
This is risky play
Sl compulsory
