BIOCON- Broken the range bound
Positive:
1. Bounced back from its upward trend line with decent volume
2.Making higher top and higher bottom
3.Crossed 20,50,100,200 DMA
4. Momentum indicator and Trent indicators showing positive
Points to look:
1. No significant change in the Open interest
2.20 points away from its all time high
Stock just brooked the 8 month range bound between 546 and 645..will new trend continue ??
1. Bounced back from its upward trend line with decent volume
2.Making higher top and higher bottom
3.Crossed 20,50,100,200 DMA
4. Momentum indicator and Trent indicators showing positive
Points to look:
1. No significant change in the Open interest
2.20 points away from its all time high
Stock just brooked the 8 month range bound between 546 and 645..will new trend continue ??
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