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
BIOCON trade ideas
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.