BIOCON - Support level explanations
1. It takes 10 months of distribution to break downwards.
2. If the stock does not close above 325 this month, then there will be more falls.
3. Next support will be at 275, 250, and 220 respectively (250 is the corona crash low).
4. If the stock close above 325 in the monthly candle then it will take the support at the primary trend and become bullish.
5. Based on the current market conditions it will likely close below our expected level.
6. Start Accumulate at 275 level.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
1. It takes 10 months of distribution to break downwards.
2. If the stock does not close above 325 this month, then there will be more falls.
3. Next support will be at 275, 250, and 220 respectively (250 is the corona crash low).
4. If the stock close above 325 in the monthly candle then it will take the support at the primary trend and become bullish.
5. Based on the current market conditions it will likely close below our expected level.
6. Start Accumulate at 275 level.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...