BIOCON LIMITED.Singkat
The downtrend is still intact
Fib - the Intermediate trend is down. We still do not have any reversal signals. The current rally has a strong resistance at 295. We have a Fib confluence at that zone.
Trendline- the zone also has a falling trendline acting as resistance.
RSI- The RSI is still travelling in the bear range confirming that the trend is still down.
Volume - a stock never bottoms on huge volume. Hence bottom is not in place
MA- The current zone also has longer MA as resistance.
Conclusion- the stock will come out with its results on the 8th Feb if the stock is still around this zone then expect the stock to again start the correction.
RSI-
Trendline- the zone also has a falling trendline acting as resistance.
RSI- The RSI is still travelling in the bear range confirming that the trend is still down.
Volume - a stock never bottoms on huge volume. Hence bottom is not in place
MA- The current zone also has longer MA as resistance.
Conclusion- the stock will come out with its results on the 8th Feb if the stock is still around this zone then expect the stock to again start the correction.
RSI-
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.