BIOCON trade ideas
Biocon all set for a gap fillingBIOCON is constantly testing it's resistance level of 423 since it's breakdown of 22nd Jan so any closing of 15 mins candle above 425 will be a massive breakout signal both for intraday and swing traders and it can easily go up for a gap filling. Intraday traders can easily target 1-2% above 425 level. It's a perfect trade since NIFTYPHARMA was seen bullish in last trading session.
Also, lockdown fear can be seen in market and we all know that whenever index (NIFTY) goes bearish, NIFTYPHARMA is the only sector that dominates the market so keep a close eye on this script and follow the rules strictly before entering in a trade.
*Only for educational purpose*
Biocon - BullishBiocon CMP - 414.25 *High Probability*
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets.
*Buy* Range 411 - 415 / Stop Loss 409
Target 1 - 418
Target 2 - 421
Target 3 - 424
Swing Target - 440
Disclaimer: This is my view and for educational purpose only.
Biocon - Intraday Trade SetupBiocon CMP - 408.45
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets.
*Buy* At or Above 410 / Stop Loss 401
Target 1 - 414
Target 2 - 417
Target 3 - 420
Disclaimer: This is my view and for educational purpose only.