Long Term Investment Idea Biocom forming a Double Bottom. Double Bottom Pattern Kind of Scenario is seen in Biocon. Biocon is a long term investment idea. It can be frustratingly slow moving at times.
Biocon Ltd CMP-267.05
Red Flags:🟥
Decline Net Profit
Decline Annual Net Cash Flow
Green Flags:🟩
Zero Promoter Pledge
Improving Book Value
Dividend Yield @CMP – 2.51%
Happy Candles Number –59/100
X/3 Entry: Closing above 278 closing.
X/3 Entry above 295 losing.
Final X/3 Entry above 308 closing.
Targets: 319 and 335.
Long term targets: 350.
Stop loss: Closing below 255.
