Biocon 
BIOCON has been relatively unaffected by the current mayhem going on in the Pharma sector.
However, after a few days of upmove, looks to me that Bears are tightening their grip on this stock as hammering of Pharma sector continues.
I can see that the stock retraced around 61.8% of its fall from April 30 to May 7, and now it has resumed its downward journey.
Took short positions today with stop loss around 660 levels for a target near 570 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
BIOCON has been relatively unaffected by the current mayhem going on in the Pharma sector.However, after a few days of upmove, looks to me that Bears are tightening their grip on this stock as hammering of Pharma sector continues.
I can see that the stock retraced around 61.8% of its fall from April 30 to May 7, and now it has resumed its downward journey.
Took short positions today with stop loss around 660 levels for a target near 570 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。