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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.