Biocon weekly chart cup & handle pattern
RSI above 60 daily / weekly /monthly
support 220
resistance 200 EMA as 289
once cross then hold for longer
BIOCON trade ideas
BIOCON-we are near to our first trg of 368-375 if remains above 390-405 range can go to our next fibo ext of 462 in longer span - previously -analyses done at 250-60 range for trg of 370
BIOCON-LONGSharing my bullish outlook based on BIOCON Would love to hear your thoughts and insights on this setup.
Biocon Trade Idea Super bullish on Biocon as well. On daily timeframe, biocon is looking super bullish.
Hourly TF shows the stock is about to breakout.
For calls, entry above the 352.9 level.
BIOCON S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BIOCON - LONGNSE:BIOCON Weekly candle with abnormal candle shows that sellers stuck below levels. Also with rounding bottom formation.
MACD Crossover - BIOCON📊 Script: BIOCON
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 323
🟢 Target 🎯🏆 - 350
⚠️ Stoploss ☠️🚫 - 311
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
biocon swing tradeRR ratio looks good we could take momentum trade on this stock
PE ratio has gone back to normal
- RS is positive
- stock has give breakout
Biocon limitedStage 2 breakout With 10,30,40 weekly ema's aligned and moving up. Highest volumes in 2 years. Rs moving into positive zone.
Biocon Swing trade WeeklyBiocon looks good for swing trade. 325 will act as very Good Resistance. And pull back may be expected from their. Once 325 resistance is broken its looking good for Long term.
This is not an Investment tip. Just for educational purposes do ur own analysis and invest accordingly.
LOW RISK HUGE RETURNS Fundamentals good
Technical improvements showing clear in lower frame
I personally take entry according to my RM
SL SWING LOW IN DAY FRAME
BIOCONNSE:BIOCON
Buy@cmp
sl below 265 on daily closing basis
Rsi> 55
Target 285/293/300
MA showing Buy
Volume is also Goodforswing trade
BioconBiocon is looking good for swing. Trendline breakout is successful wait for previous swing breakout. Keep an eye on it.
BIOCONBiocon looking strong confirming double bottom pattern supported by gud volume. Only one problem in this stock is 200 MA is not supporting in weekly time frame the the stock may halt there.
my trade will be buy above 283.
SL 247
Trade with risk reward ratio . Trade will be positional
BIOCON UPSIDE Here is a chart regarding BIOCOIN. We can see that the stock is coming out of a weekly FVG showing higher chances of going up. There are two orderblocks attached where targets can be placed. Stop loss is dependent on your risk tolerance as market conditions are very volatile. Do your own risk management and research this is not a buy sell reco NSE:BIOCON
BIOCON - Long(16-12-2023)BIOCON
Buy Above 265
For Target : 268-275-284-310
SL 233
Please consult your financial advisor before investing
All research for educational purposes only.
BIOCON WEEKLY CHARTBIOCON WEEKLY CHART
Ellipse breakout @ 280 MOB 1 @ 355-380 MOB 2 @ 440-455
Biocon has witnessed an ellipse breakout @ 280 levels, Expected move 1-2-3-4-5 as explained.
Its only an observation & not any suggestion or recommendation.
reason to go long on bioconstock has break the daily resistance and had a huge volume at the beginning of uptrend.
the real confusion is by MTA all the volume look bearish but the stock has started UT.
need to learn more regarding volume analysis
retesting the testing retestingShare retesting his support which was recently Resistance trained already successfully change for upside so I can assume this year will be future higher and higher
BUY BIOCON ABOVE 287 for Target 293 / 300 / 320. Stoploss 275There is decent consolidation after recent rally and BIOCON expected to go higher above 287 breakout.
The quarterly results on 8th Feb 2024 and target 320 is expected before results.
Keep Stoploss - 275
Biocon trade setup 27th November 2023 (Language Hindi)A short two minute overview of Biocon and levels to watch. Before taking any trade please do your own research. This is only an insight from us thank you
Breakout of Rising widge channel in biocon After a series of consolidation in biocon it's gives are rising wedge channel break out and we can see 362 and 400 level in coming few weeks this is not a recommendation just the view
