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BIOCON Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock trading below golden ratio and facing strong 200 DMA and trend line support, Weakness expecting if BIOCON closes below 454. (Updated On 13th August 2014, Wednesday).


BIOCON





  • BIOCON is trading below its golden ratio - 61.8% fibonacci retracement, this indicates as long as stock trades below bears will be favored. Chart also indicates stock is facing small trend line support around 454,  Once stock closes and stays below 454 then further weakness is expecting.
  • As per chart no2 stock is facing strong trend line and 200 days moving average support at current levels, if stock starts trading below then will favor bears.
  • If Biocon falls from current levels then will test its next support around 427, 413 and 410. Close Watch stock major trend indicator "MACD" is moving in negative zone. as long as stock trades -ve we can see some weakness in Biocon.
  • Click here to see all the free trading reports (tips) published by us on BIOCON.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.