UPTRUST HAS BEEN FORMED IN BIOCON WHICH INDICATES THAT BREAKOUT TRADERS HAVE BEEN CAUGHT IN A BAD TRADE AND THE SELLING BY PROFESSIONALS HAS KICKED IN , SO BE CAUTIOUS.
BIOCON AT BEST MIGHT MOVE SIDEWAYS OR FALL ON SUPPLY BUT UPSIDE IS CAPPED DUE TO LOCKED IN TRADERS AND INVESTORS.
SO A SHORT WITH TODAY'S HIGH AS STOPLOSS CAN GIVE A GOOD RETURN IN SHORT TERM.
VIEW IS NOT VALID IF TODAY HIGH IS TAKEN OUT.
BIOCON AT BEST MIGHT MOVE SIDEWAYS OR FALL ON SUPPLY BUT UPSIDE IS CAPPED DUE TO LOCKED IN TRADERS AND INVESTORS.
SO A SHORT WITH TODAY'S HIGH AS STOPLOSS CAN GIVE A GOOD RETURN IN SHORT TERM.
VIEW IS NOT VALID IF TODAY HIGH IS TAKEN OUT.