Biocon at resistance - make or break ?

18 Eyl 2017

Detailed in chart.
If invested then stay long with caution
New investment only after 160

19 Eyl 2017

İşlem aktif

Double breakout. Broke resistance of 358 and well as 365.
Next target 375

25 Eyl 2017

Not

If you are still holding, maintain 336 as strict SL. Stock may take the support from here and boom but I see more chances of going sideways or breaking the support

26 Eyl 2017

Not

Biocon make a false breakout and then can back.
If you're still holding, like me, maintain the SL. I do expect strong movement before expiry. This movement can be in negative direction

27 Eyl 2017

Not

Still keeping the support. It has very boring stock. No movement since long.
Since I did hedge on it I'll quite happy if it falls. Let's see
Trade with SL

5 Eki 2017

İşlem kapandı: durdurma seviyesi

Biocon is again moving towards 360 level. But it broke our SL before that.

Loss we made assuming that you the SL of 336 instead of original 348 -> 357 - 336 = 21

If you traded in 1 lot your loss is -> 21 * 1800 = 37800