BIOCON LIMITED.Long
BIOCON- A perfect entry and high Reward setup
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After Dec 2020, the breakout on following fronts are observed.
1. Falling Wedge breakout
2. W pattern breakout.
3. High volume spikes at breakout
What makes it a buy at current levels is its retest and hold in falling market.
This is for educational purpose.
Targets are mentioned in chart itself.
1. Falling Wedge breakout
2. W pattern breakout.
3. High volume spikes at breakout
What makes it a buy at current levels is its retest and hold in falling market.
This is for educational purpose.
Targets are mentioned in chart itself.
Note
Lesson learnt: Keep away from Biocon and Crompton.They look like highly manipulated and donot follow technicals and fundamentals.
Trade wisely.
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