Bit late in publishing this idea. Call was given at 725 level and its already down to 704,but further downside expected upto 650 levels easily.
Engulfing candle has also appeared, which has reinforced the view. At 650, it will complete FIB retracement of 38%.
After confirming previous support as resistance and making a double top, it seems that selling pressure is high (profit taking) and we can anticipate prices to go down to next support level marked at 707
AS U CAN SEE IN CHART THERE IS DOJI CANDLE ON DAILY CHART ALSO THERE IS BEARISH DIVERSION ON RSI...ENOUGH CONFIRMATION TO SHORT DIS STOCK .ENTRY STOP LOSS AND TARGET GIVEN ON CHART.
HIT LIKE IF YOU AGREE WITH MY VIEW AND FOLLOW ME FOR MORE UPDATES AND IDEAS.I REALLY APPRECIATE THAT.
TRADE WITH CARE
KING999
BIOCON TOUCHED UPPER BAND OF BOLLINGER BAND AND THERE IS BEARISH CANDLE ON WEEKLY CHART SO SELL DIS STOCK FOR NICE RISK REWARD RATIO. ENTRY STOP LOSS AND TARGETS GIVEN ON CHART.
HIT LIKE IF YOU AGREE WITH MY VIEW AND FOLLOW ME FOR MORE UPDATES AND IDEA'S ,I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
PRICE IS IN UPTREND BUT TODAY THERE IS DOJI CANDLE ON DAILY CHART SO SELL IS GOOD IDEA ,ENTRY STOP LOSS AND TARGETS GIVEN ON CHART.
HIT LIKE IF YOU ARE AGREE WITH MY VIEW & FOLLOW ME FOR MORE UPDATES AND IDEAS. I REALLY APPRECIATE THAT.
TRADE WITH CARE
REGARDS
KING999
Dis pair is in uptrend but as per RSI there is bearish diversion so i take sell entry in dis stock....Entry,stop loss and target given on chart.
TRADE WITH CARE
REGARDS
KING999
