BIOCON trade ideas
BIOCON S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
MACD Crossover - BIOCON📊 Script: BIOCON
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 323
🟢 Target 🎯🏆 - 350
⚠️ Stoploss ☠️🚫 - 311
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Biocon Swing trade WeeklyBiocon looks good for swing trade. 325 will act as very Good Resistance. And pull back may be expected from their. Once 325 resistance is broken its looking good for Long term.
This is not an Investment tip. Just for educational purposes do ur own analysis and invest accordingly.
BIOCON UPSIDE Here is a chart regarding BIOCOIN. We can see that the stock is coming out of a weekly FVG showing higher chances of going up. There are two orderblocks attached where targets can be placed. Stop loss is dependent on your risk tolerance as market conditions are very volatile. Do your own risk management and research this is not a buy sell reco NSE:BIOCON