BIOCON formed a bullish piercing pattern with good volume at a strong resistance and out side the lower Bollinger band. The price has a strong probability to move up. The strong uptrend of the stock in the past should also help.
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, , BIOCON
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Bullish View
Bearish View
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Good analysis, but here we will have to wait and watch as in the bullish piercing pattern the body of the green candle should cover the low of the previous day red candle and the entry should be made only after the price crosses the high of the pattern.