AS predicted
by US ,BIOCON ACHIEVED TARGET EXACT 1150 GIVEN ON 14 MARCH POST
BUY GIVEN AT 1100
LOT SIZE: 600
TOTAL PROFIT: 60000 IN JUST 2 LOT
BUY
BIOCON ABOVE 1140 TGT 1160/1175 SL 1115
Primary trend of the BIOCON is bullish and after giving breakout
of its MONTHLY PIVORT POINT range bound movement, it is forming continuation
pattern in short term charts, it is likely to continue the positive movement
with the breakout of the pattern at the levels of 1150 ; as the stock is
managing to trade above its 22 and 55&200 days moving averages with the RSI
of 65, one may expect the targets of 1160/1180 in the stock if it manages to
sustain above the immediate support level of 1100.
Nifty ended 5 points or 0.1 per cent lower at 9,125., while the
sensex also closed 33 points or 0.1 per cent lower at 29,485.In a volatile
trading session, indices on Tuesday settled the day flat note.Technically, Indian Stock
Market is still in positive zone. Market is expected to see short covering
rally in upcoming days and traders are suggested to hold long positions as of
now. Nifty would see reversal only if it closes below 9109 levels and until
then traders should hold long positions or go long at every dip in the
market.Nifty would see strong support at 9110-9097-9060-9020 whereas strong
resistance would be seen at 9150-9180-9200-9218 levels.
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