will go LONG on BIOCON because: 1) The price is forming a Chanel or Rectangle Pattern . 2) The price also broke the trend line . 3) The price is also under Support/Resistance zone. 4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . 5) Target would be the Resistance area . Book profit when it reaches the resistance zone . ENTRY : 395 FIRST TARGET : 402 SECOND TARGET : 417 STOP LOSS : 392