BIOCON ( Ready for Marathon)
מעודכן
BIOCON:
Few key points to note:
- Seems like Wave 4 is completed and Wave 5th have been initiated.
-Respected the Golden Ratio of the prior trend.
- RSI Bullish Divergence (Double Bottom)
- Support taken at 200 Weekly Moving Average & EMA
- Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages.
I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.
CHART & ANALYSIS – ADARSH DEY
Few key points to note:
- Seems like Wave 4 is completed and Wave 5th have been initiated.
-Respected the Golden Ratio of the prior trend.
- RSI Bullish Divergence (Double Bottom)
- Support taken at 200 Weekly Moving Average & EMA
- Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages.
I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL.
CHART & ANALYSIS – ADARSH DEY
הערה
A fantastic breakout. One can add more on dips.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.