Biocon - Wave-I-Wave-II retracement complete?

9 May 2018

Biocon time to go long?
1. Daily shows 50% retracement of the rise since 23rd March
2. 30 min 3 Line break and 30 min Renko developing up bricks
3. Fairly tight SL below low of 7th May candle - 612

...Perhaps after Karnataka election results and the Iran developments (both these are potential time bombs though markets seem to be ignoring it)

10 May 2018

İşlem aktif

Signals were good today so went long @622 (futures price). Holding

11 May 2018

İşlem elle kapatılmış

Closed @631 (futures price). 9 points per lot

11 May 2018

İşlem aktif

Again long @630 with SL @629 yes just 1 point!!

11 May 2018

İşlem elle kapatılmış

Closed @639 (futures price) another 9 points per lot. So 18 points since yesterday. Great risk/reward ratio - SL was always 1-3 points only since I try and time entry and exit precisely.

11 May 2018

Not

Long @633 (futures price) SL 632.9

14 May 2018

İşlem aktif

Target 648 (futures price)

14 May 2018

İşlem elle kapatılmış

Closed @ 641... totally about 26 points profit per lot since trading this apparent recovery...

15 May 2018

Not

Went long this morning @634 and closed @648... almost 40 points per lot since May 10th. Lot size for Biocon is 900 in futures.