If this support breaks it could touch the long term support line as well as the 200EMA.
Long Term and Short Term support. Critical next few days. The entire sector seems to be critical levels.
Lets see if it breaks the box (most likely should) or will support help out?
Buy close to 975 with a SL around 965. Could hit the trendline in quick time.
Tom morning if it holds, it could do 2030 by this expiry (jan 31st)
Biocon has usually respected the 200EMA. Another retest might happen tomorrow. Lookout for another bounce off support (Go long w tight SL) or if it badly breaks down with high volumes then over the next few days it could give a short opportunity.
Everyones fav stock at the moment...needs a quick bounce from 2500 else could very quickly reach 2300...
Board meeting tomorrow.. Seeing all the Data could be a quick trade going long close to 220 with hopes for a short term bounce. 219 seems to be establishing as a support.
Bounced off an imp support. If the bounce extends buy it for Rs 860, if it falls below then it could even do the gap fill..
Once the darling of the housing finance space. Critical levels else the cut is just going to be sharper and deeper.
Another HFC close to support but this one has been in the news for a potential sale. Marked price (Rs959) is where i would love to buy if it triggers within the next 3-4 days from the over reaction in the selloff of NBFC's.