Based on the 1-hour chart of BIOCON Ltd and the descending trendline breakout, here is a clear trading plan:
Trade Details: Trendline Breakout
- Stock Name: Biocon Limited
- Trade Type: Trendline Breakout
- Upside Potential: 7.00%
Entry (Long Trade)
- Buy Price (Entry): ₹401 – ₹403 (Above breakout candle high with confirmation)
Targets
- Target 1: ₹408
- Target 2: ₹415
- Target 3 (Swing): ₹423 – ₹425
Stop Loss
- SL: ₹395 (Below trendline + recent swing low)
