Hi
This is a weekly chart, and it seems Biocon has completed its correction on a bigger time frame.
It seems a good buy above 385, with SL of 332 as of now, and target of all time high of 487.
So the risk reward is around 1 : 2.
Weekly TF MACD is showing bullishness and on the verge of giving a good buy.
Monthly TF MACD is above zero line and might give a crossover soon.
Its trading in a Channel since very long time and currently holding the support of the lower end of the channel and have high chances of hitting the upper channel in coming weeks.Since its a rising channel, the targets could be more that the All time highs.
Disc : Educational Purpose Only.
Neo
This is a weekly chart, and it seems Biocon has completed its correction on a bigger time frame.
It seems a good buy above 385, with SL of 332 as of now, and target of all time high of 487.
So the risk reward is around 1 : 2.
Weekly TF MACD is showing bullishness and on the verge of giving a good buy.
Monthly TF MACD is above zero line and might give a crossover soon.
Its trading in a Channel since very long time and currently holding the support of the lower end of the channel and have high chances of hitting the upper channel in coming weeks.Since its a rising channel, the targets could be more that the All time highs.
Disc : Educational Purpose Only.
Neo
Dagangan aktif
Trade is Active. Now keeping strict SL and holding
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.