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.
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BIOCON trade ideas
BioconOpportunity to invest in Biocon Stocks
200 SMA act as a resistance level last year Feb 2021 to 2022 and Breakout of 200 SMA on 01.02.22 and retest on dated 24.02.22 ready for movement on the upside we can invest in this stock with minimum risk. stop-loss maintain below 200 SMA
Long Term Chart Weekly and monthly are strong.
BIOCON : WILL IT CONTINUE THE PATTERN ?GYANEE -BIOCON
CMP 364
Stoploss 320 - (44) Points per share
Target 470-500-530 - (106-166) Points per share
It is following a channel pattern , from long time and has taken support recently , result is due today that is 20th jan for 3rd quarter , this can be a good trade if result comes in favour. However slow mover from many days and following this trade from more than 2 months approximately. NSE:BIOCON
BIOCON LTD - BIOCON(NSE) | FLAG CONTINUATIONBIOCON LTD - BIOCON(NSE) has been forming a Flag Continuation Pattern since the start of 2021, when viewed in a day's period. A price level of 372(red, dashed line) had acted as a good support and the price had bounced back from there till 479(green, dashed line) in the past. Hence, a long candle cutting the rectangle upwards can trigger a rally till 479, which can happen in less than a month, after the breakout. Watch thoroughly, as the price is nearing the top boundary of the rectangle.