Biocon - At good support zoneHi Traders,
As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-.
But if the support zone fails to provide the support to price and broke in the downward direction then you can take the short trade ( 1 hour candle should close below the support zone) to take the trade.
Based on the price movement you need to assess and take the trade. I will also update about the trade you can check in the trading view under my ID.
This analysis is for short term trade and not for Intraday.
Note :
This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
