Biocon looking bullish on Chart and ready for RocketBiocon looking Bullish on Chart. Good time for making Long position on it.
1. Elliot Wave 2, just completed its retracement by 0.5 of Wave 1.
2.Elliot 3 Wave is also started.
3. Prince action is under Ascending Traingle pattern.
4. Higher low, lower low in price action and Lower Low, Lower Low in RSI confirm the Trend Continuation.
Levels can be taken from Fibonacci, placed in chart.
BIOCON trade ideas
BioconBecausious longs, according to me its time to short this guy, since its very close to its resistance and indicators are showing bearish divergence, so one can have a very small stop 0f above 270 and short it for the targets in the zone of 235 to 230 which is near its trend line above which it had given a breakout and taken support there one should square off shorts once it approaches that trendline on the downside