Biocon-An underperforming pharma stock

21 thg 1

Biocon is among few stocks which did not participate in Pharma bull run.
However stock has recently given a big volume bounce from its demand zone.
295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA.
1st breakouts are normally traps so use pyramiding to save your capital.
If stock posts good results , we might see good move in stock.
Keep your eyes stuck on this if you like support bounce trades.

29 thg 1

Ghi chú

Keep this in watchlist now.If a good bullish weekly candle is made here, we can have a pre breakout entry. I will update if such an entry is possible.

6 thg 2

Giao dịch đang hoạt động

entry activated

27 thg 4

Ghi chú

looking strong now