Biocon from 5 July 2020

5 Tem 2020

Biocon is again showing sign of coming out of consolidation zone though volume is not increasing much

MFI is increasing n possible breakout possible

monthly analysis
1. at max 15 % increase possible ---> 400 * 1.15 == 460 ( at max ) (highly unlikely )
2. at max 15 % decrease possible --> 400 * 0.985 == 340 ( at max ) ( highly unlikely )

safe upside setup is to buy at 401 with SL : below swing low with target of 2R

option strategy ..

Heart of steel --> Million miles journey

1 .Sell 340 PE + Buy 300 PE ( less margin req )

16 Tem 2020

Not

target done :)