Get started
varun_devadiga

Channel Breakout in Wockhardt

WOCKHARDT (NSE:WOCKPHARMA)  
varun_devadiga  
NSE:WOCKPHARMA   WOCKHARDT
Support and Resistance Trend Lines Wedge WOCKPHARMA wockhardt LONG Bullish Patterns channelbreak Trend Line Break volumespike wedgebreakout
15
0
supportandresistance trendline wedgepattern wockpharma wockhardt long bullish channelbreak trendlinebreak volumespike wedgebreakout
From past one year stock was trading in a channel and finally it has managed to close above this channel.

Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock.

Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at 230.

This is just a view not a recommendation to trade. Do your own analysis before making any investment.

Share your opinion in the comment section.

WOCKPHARMA
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.