BIOCON is good for long term or swing investment ? :-)yes absolutely, it is good as per market structure and exact reversible. my entry 291.30 and sl at 291 and target will be 597.65. Biocon going to boom with in 6 month or one year.
Bioconlong
BIOCON--@Trendline??this stock is near its trendline....but no sign of bearishness...
if we want to go for short wait for the price to break the trendline and retest...
A strong rise is observed from 235 levels....
if price breaks the trendline look for buy @235 zone....
Don't go for short side...
Biocon Share elliot wave analysis Biocon share complete Wave 1 daily time frame . and price come downside wave 2 . Wave 2 internal wave a,b,c complete or 0-b trendline breakout wave 3 start volume increase wave 3 target 300
BIOCON - MONTHLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
BIOCON : Near weekly supportBIOCON is trading in down trend since many days. now its near to its weekly support.
wait till it touch weekly support and sustain there. 245 can work as trend changer.
Lets wait & watch to cool down near support and forming some positive candles.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Long Term Investment Idea Biocom forming a Double Bottom. Double Bottom Pattern Kind of Scenario is seen in Biocon. Biocon is a long term investment idea. It can be frustratingly slow moving at times.
Biocon Ltd CMP-267.05
Red Flags:🟥
Decline Net Profit
Decline Annual Net Cash Flow
Green Flags:🟩
Zero Promoter Pledge
Improving Book Value
Dividend Yield @CMP – 2.51%
Happy Candles Number –59/100
X/3 Entry: Closing above 278 closing.
X/3 Entry above 295 losing.
Final X/3 Entry above 308 closing.
Targets: 319 and 335.
Long term targets: 350.
Stop loss: Closing below 255.
LOW RISK HIGH REWARD IDEA BIOCONAs per Fibonacci levels NSE:BIOCON has been retraced 70% on weekly chart. Now price is trading at major support of 270.
My idea is to take entry at 270 with Stop Loss of 255 (-15 Points only). My expected up side target will be 287 (+17 Points) & 311 (+41 Points). This could be low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks.
BIOCON ShortTerm Positional upside ideaNSE:BIOCON is sustained above major resistance of 270.
My idea is to take entry once price correct or retest level of 272. It will be best risk and reward option.
My stop loss will be 255 and upcoming target would be 316 & 349.
Note: This is my personal analysis, only for learning.
Thanks.
BIOCON, TOUCHED ITS BOTTOM!!Biocon is in its lowest support. soon the bull rally of oharma is going to come. you could see the last candle, made a touch to its lowest support and bounched back up.
adding on: even look at the size of last 3-4 red candles, which are getting smaller in size. saying that sellers are getting in control, and markets forming a range.
price targets are mentioned.
Biocon Elliott Wave AnalysisBiocon 320 Above Weekly Close Next Target 360
good for Swing Entry 320 above close
Simple Trade Setup | BIOCON | 18-04-2022 [INTRADAY]NSE:BIOCON
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BIOCON LONGBiocon formed a double bottom pattern and is ready to move upwards.
One can either wait for re-test r can also enter with 325 levels as STOPLOSS.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
BIOCON - IntradayEntry 398
Stop Loss 394
Target 406
Plan of Action
Trade with 250 shares
RISK : REWARD Ratio 1 : 2.00
Profit
(Pre brokerage) 2000
Loss
(Pre brokerage) 1000
Purely for intraday only.
Please trade after thorough study.
This article is for education purpose only.
"Long BIOCON above 380 "Falling trendline breakout with increasing volume
Biocon looking bullish if it close above 380 ,wait for closing ,
looks good for target of 420,480
BUY BIOCONvery low risk entry weekly Candle Shunting till 456 with daily ICMC BO1 & BO2 in place.
Monthly no overlap.
entry at 342 with SL bellow 314
BIOCON BUYBiocon downward trend may end now.
This is very low risk entry.
entry at 342 for possible upmove till 456 with SL bellow 314
BIOCONNSE:BIOCON
looks like a bottom made in Biocon should head higher from here , looking for all time high and higher targets as price unfolds...
Biocon retracing from support zone1. RSI positive divergance in 30 min
2. pharma seems strong up coming days
3. now at support of weekly pivot
Reversing from supportNSE:BIOCON got beaten down heavily in last couple of weeks. Now it has shown a trend reversal on daily time frame and as it broke out above previous support and current immediate resistance with good levels and got retested on lower time frame with good volume.
Currently offering a good risk reward with a buy around 375 with a stop at 369 and with a target of 400/415
#YourMoneyYourRisk
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.
Biocon ltdAll the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Biocon Breakout Pattern Book 7% Profit This is a beautiful triangle pattern giving a upwards breakout, so you can make a 7% profit.
