Swing longFor last 18 days it is in range.
367.8 is all time high.
can enter long if the top trend line is broken
BIOCON trade ideas
Bearish Gartley Pattern on BioconCompletion on Bearish Gartley Formation
One Should look forward to short the biocon for the targets shown on chart.
Stop will above X Point as metioned in chart.
Invert shoulder pattern at Biocon Time frame: 5 min to 1 Hr
short term reliability
closed of the position at 271.40rs
confirmations are daily pivot 1st resistance break out, channel breakout, neck line break out and volume surge
first target was 280
Triangle Breakout or you can say a flag as wellIt's above 200 EMA and given triangle breakout, Target will be around 350
LONG - BIOCONLooking very good for long position. have updates the entry , target & stop loss.
#DYOR
BIOCON can see levels of 296/317 in near termBIOCON trading near resistance Zone, breakout will see good upside 296 is 1st TGT & 317 is 2nd TGT with SL 248.
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
