BIOCON trade ideas
Biocon, ConsolidationPrice has reached strong resistance zone which is also the resistance line of the consolidation. It is a crucial level since move on either side is possible.
BIOCON IS POISED TO MOVE HIGHER...BIOCON IS POISED TO SCALE HIGHER AS THERE IS BULLISH T/K CROSS AND SLOWLY TWIST APPEARING..
Biocon, ConsolidationThis study was posted earlier. Consolidation has yet to be finished. Then see a big price move in the direction of the trend.
Biocon, ConsolidationYesterday I expected that price would hold at the resistance zone. I am proved wrong by a bearish spurt today. Now it is possible that price will take support at the bottom of the consolidation pattern.
Biocon, ConsolidationAs stated earlier, price is consolidating in a range, so there is a high possibility of a range breakout taking the price to new highs. But breakout is yet to happen. Interestingly, despite Nifty crashing down today, price of Biocon has not been adversely affected. This indicates to strong bullish sentiment.
BioconConsolidation Pattern in the making. Price moving above 648 and holding is a breakout target of which is (+90, breadth of the pattern) 740. Option: a) buy at the bottom of the pattern (if it comes) and hold with a small stop loss, or b) buy on breakout. Good investment stock. The stock is in strong bull market (making higher high and higher low). Hence consolidation is logical.
biocon,hourly chart, long tradebiocon making an ascending triangle in a hourly chart , buy at 348-350 for a trgt of 374
BIOCON LONG OR SHORT The price movement is in rage bound and its undecided the direction or who is in control of price
Buyers are trying to push the price but seems sellers have also trying to push it down , the war is still on
I understand if price brakes down the 1104 then it will head to downward trend without any Question
if price Close above the 1128 then it will likely head towards 1150/1250
lets wait and watch
Cheers
SHORT BIOCON - SHORTING SETUPThe price action is been trading in a leading diagonal pattern which is now indicating weakness as higher prices rejected by sellers and sellers are now in dominance.
I would suggest to short this one on every rise.
Target 1: 850
Target 2: 825
Stoploss: 940
Trade with care, thanks for your support.
Short BIOCONBit late in publishing this idea. Call was given at 725 level and its already down to 704,but further downside expected upto 650 levels easily.
Engulfing candle has also appeared, which has reinforced the view. At 650, it will complete FIB retracement of 38%.
