Kshrey Jain, CMT, CFTe’s Post

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Founder at KJ Capital

#BIOCON Timeframe: Weekly BIOCON shares underwent a significant correction of 60% from December 2020, hitting a bottom around March 2023. Subsequently, there was a 22% correction from September 2023 to October 2023, followed by a 13% correction from its rise in January 2024. These trends suggest a reduction in selling volatility. Additionally, the stock is currently forming a symmetrical triangle pattern, also known as a coil pattern. This observation aligns with a potential change in trend and bullish setup for the upcoming months. Link To Chart: https://lnkd.in/gKEx6is9 Disclaimer: The analysis provided is for educational purposes only and should not be construed as a buy or sell recommendation. Always conduct thorough research before making any investment decisions. #equity #pharma #nse #stockmarketindia #biotech #TechnicalAnalysis #charting #patterns #KJCapital CMT Association, Inc.

NSE:BIOCON Chart Image by kshreyjain35

NSE:BIOCON Chart Image by kshreyjain35

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