Long

Wockhard - Multiyear breakout!

Updated

Wockhard has been consolidation since 2013, over 10 years! But now it has given breakout on monthly chart. It's a structural change on the chart.

Needless to say, volumes look great for recent months.

CMP : 404
SL - 320
Target - 650, 750, 950 ,1200

Note: It's a monthly chart breakout. Stock can take a few months to couple of years to attain this target.

Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.

Note

Already on 490

Note

CMP 459. Stock may come down to 380 level if Nifty continues to be weak.
It may be meaningful to book partial profit here and join back in at recovery.

In any case accumulation at lower level will be a good idea.

Note

CMP 461. High made 501.
Wockhard is consolidating after touching it's one of the resistances.
Long term story is still intact but the stock can come down to 380 level in the short term. In extreme case this can be as low as 360-350.
If you are thinking not so long term then exit now and reenter at 380 level.

This trade remains open though.

Note

404 ->550 even after the fall from high of 630.

Do book partial 50% profit at least.
31% profit in 2 months.

Long term players can keep holding. But it may take longer term now.
Short/medium term player should exit.

Note

404 -> 686

282 or 69% returns in 6 months

Note

Wow! CMP 818.
Consider booking profit now if you feel conservative.
My exit level now is 920 with SL of 730. However if it comes down to 740 to retest and bounces then 920 may get beaten.

Note

920 reached. Recommend to exit all. I expect it to come down to 750. And at this level its quite risky to keep.

Book rest of holding.

404 -> 920 = 515 or 127% gain in 6.5 month.

Trade closed: target reached

anuragcoma15

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