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.
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Tradelikemee Academy
BIOCON trade ideas
Breakout with good volumes for Biocon, 100% upside potential100% upside potential (CMP - 242, Target - 484, SL - 165)
Biocon has been exhibiting strong reversal from all time support (165/Sh) to 242 / sh with good volumes
It has already breached above 50 DMA and going by the trend it would shortly breach 200 DMA also.
This is personal opinion and not an investment advice, idea shared for educational purposes only. Basis future events views can be changed.
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"
RSI BULLISH DIVERGENCE Near SUPPORT !!!BIOCON Trading near strong monthly support zone of .. 223--- 210. There is bullish divergence also between PRICE & its RSI in weekly timeframe.
Price also taking support near demand zone.
#BIOCON📈📉
👉🏻Stock approaching strong Monthly & Weekly Demand Zone✅
👉🏻 223-10Support Zone 👍
👉🏻Stock Showing Strength from support📈📈
👉🏻 Good For Investment View📈📈
👉🏻RSI Bullish Divergence On Weekly chart✅
👉🏻TGT------ 243/258/280++ ✅
👉🏻Low Risk High Reward Setup🎯
👉🏻Add To Your Watchlist✅✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.