Biocon - At good support zone

17 Okt 2021

Hi Traders,

As you can see from the above chart, currently BIOCON at good support zone at Rs.347/-, if the tomorrow price took the support at same level you can take the buy trade. You can take the trade after formation of 1 hour candle in the upward direction. You can take the trade at CMP and SL is based on your risk appetite and target is Rs.400 to 420/-.

But if the support zone fails to provide the support to price and broke in the downward direction then you can take the short trade ( 1 hour candle should close below the support zone) to take the trade.

Based on the price movement you need to assess and take the trade. I will also update about the trade you can check in the trading view under my ID.

This analysis is for short term trade and not for Intraday.
Note :
This is not a financial advice and trade at your own risk.

Thank you.
Enjoy the trading.

18 Okt 2021

Nota

Hi Traders,

Today 1 hour candle is broke the support zone in the downward direction and closes below it. So you can take the short trade at the CMP.
Target is Rs.310- 300 and Sl is based on your risk appetite.
Each lot of futures contains 2300 shares and margin for the short trade required is Rs.1,92,000/-.

Thank you.
Enjoy the trading.

22 Okt 2021

Nota

Hi Traders,

After trade become active, it is in sideway movement for 3 days and today there is a some movement in the stock and make a low of Rs.333/-. Profit per share is 12/- at the movement (2300*12=27600 per lot). Don't exit now, wait for the price to go further down.

I will update about the exit time.

Thank you.
Enjoy the trading.

22 Okt 2021

Nota

Biocon on Fire......profit 21/-/share

Thank you.
Enjoy the trading

25 Okt 2021

Nota

Hi Traders,

Upto now, today's low is Rs.314.80/-, i would recommend to exit at Rs.310/- and book profits.

Thank you.
Enjoy the trading.

25 Okt 2021

Nota

Hi Traders,

The price is taking a good support around Rs.316/- to 320/-, this support zone must broke to reach our target levels but if price took the good support here and indicate the reversal of trend then we will exit at the time.

Thank you.
Enjoy the trading.

26 Okt 2021

Nota

Hi Traders,

As i said in earlier update, the price took the support at Rs.320/- level if any one is not yet close their positions, you can exit now.
Even if you exit now you will make around 2300*18 (345-327)=41400/- profit per lot.

Thank you.
Enjoy the trading and Enjoy the profits.

26 Okt 2021

Nota

Target is missed by Rs.4/-only. After trade become active the price make a low of Rs.314/-. It is a very good return considering the investment of Rs.2 Lakhs and profit of Rs.41000/- with in 8 days.

So, for now trade is closed and profits are booked.

Thank you.
Enjoy the trading and Enjoy the profits.