BIOCON SHORT ON UPTHRUST

UPTRUST HAS BEEN FORMED IN BIOCON WHICH INDICATES THAT BREAKOUT TRADERS HAVE BEEN CAUGHT IN A BAD TRADE AND THE SELLING BY PROFESSIONALS HAS KICKED IN , SO BE CAUTIOUS.
BIOCON AT BEST MIGHT MOVE SIDEWAYS OR FALL ON SUPPLY BUT UPSIDE IS CAPPED DUE TO LOCKED IN TRADERS AND INVESTORS.
SO A SHORT WITH TODAY'S HIGH AS STOPLOSS CAN GIVE A GOOD RETURN IN SHORT TERM.
VIEW IS NOT VALID IF TODAY HIGH IS TAKEN OUT.