In the Weekly and Monthly time frame, BIOCON is adhering to a pattern as shown in chart.
TAKING SUPPORT AT THE TENDLINE...
We can enter the trade now( for risk takers)... if it doesn't move as per plan, we can exit with small loss.
For low risk ones - Lets wait for a Bullish weekly candle and enter 25% (since its just one of the ways it can move, we can"t predict/ time the market).
After forming HIGHER LOW , positions can be added by another 25%
After breakout, balance 50% can be added.
Strict STOPLOSS must be WEEKLY CANDLE CLOSING BELOW 284.
THIS SCRIPT IS LOOKING DAMN GOOD FOR SWING,INVESTMENT AND DAY TRADING( in the coming days) PURPOSES TOO.
Note- Just Sharing my view....not a tip nor advice.
TAKING SUPPORT AT THE TENDLINE...
We can enter the trade now( for risk takers)... if it doesn't move as per plan, we can exit with small loss.
For low risk ones - Lets wait for a Bullish weekly candle and enter 25% (since its just one of the ways it can move, we can"t predict/ time the market).
After forming HIGHER LOW , positions can be added by another 25%
After breakout, balance 50% can be added.
Strict STOPLOSS must be WEEKLY CANDLE CLOSING BELOW 284.
THIS SCRIPT IS LOOKING DAMN GOOD FOR SWING,INVESTMENT AND DAY TRADING( in the coming days) PURPOSES TOO.
Note- Just Sharing my view....not a tip nor advice.