BIOCON trade ideas
Watch closly - BIOCONIf it is not breaking the support of 385 then, bounce back is expected. keep learning
Biocon Looking Good to buy at the breakoutBiocon swing trade bounce back from the previous lower levels
BioconTrade setup:
Daily - Broke out of ascending triangle with a bullish engulfing candle and good volumes. Crossed 50EMA and 200 EMA as well. Took support at long term trendline (since 2019).
Weekly - crossed 50EMA as well, after forming a couple of doji's.
Target = 422 INR (T1). Above that, gap will be filled, with T2 = 440 INR.
SL = blue box below ie; approx 365 INR.
BIOCONIn hourly tf it has made a bullish hidden divergence and in daily its setting up for an AB=CD near 425-430. View would be negated below 398
Broken Trend line Stock Analysis: Biocon has broken the trend line also formed double bottom as long as it is not closing below immediate demand zone expected target marked on the chart.
BIOCON-LONG Buy BuyIts target I have shown in the picture. Thank You.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
BIOCON FRESH BREAKOUT #BIOCON ( BIOCON LTD),TF-1D Chart with upwards trend
Fresh #Breakout candidate with good volumes & closing
Gave strong closing above all MA(50,100,200)
Looking good for 423-440-455+ targets in short term
SL Below 380 on DCB
Keep in #watchlist
#niftypharma
Biocon Ready For UpsideBIOCON
Buy- Above 395
SL- 380
Target 410 420 430
Duration- 10-15 Days
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
A channel pattern inside a triangle patternA beautiful channel pattern inside a triangle pattern in Biocon
BioconCurrently trading below 200 EMA
However it is showing early sign of moving higher. It is respecting the marked trendline.
Note: it is in sqeeze at the moment but i am expecting it to close above Bollinger upper band. That will give confirmation of buy signal.
Keep it in your watchlist
This is just for educational purpose.
BioconTook support in green zone.
Once crosses trendline its a good buy
this is just for an educational purpose
BIOCON is it ready to fly !????????BIOCON: got good support at 370 to 385. Formed Elliott corrective wave of Descending wave and price reached to apex. Is it ready to fly !???
Biocon longSeeing the level Biocon is respecting and retracement from the lower side, it has a huge probability of moving up considering the boom in the pharma sector.
