WOCKPHARMA GOLDEN CROSSOVER ON MULTIYEAR CHART

Golden Cross is strong bullish moving avg crossover where short term moving avg crossover long term moving avg above . on chart we can see 9,20,44,200 this all moving avg crossover at one point that is called bullish moving avg golden cross. this crossover does not happens often, but when this golden cross occurs stock up move very strongly ... we can see 5 year chart this crossover occur at 2 time only, now this is third time this golden cross is about to ..for confirmation i draw trend line breakout also and above trendline breakout we can see golden cross where 200 dma come as support line and 9,20,44 sma crossover done .

BUY WOCKPHARMA CMP 465.55 target 500-600-800
stop loss 425

wish u happy trading !!

Comment:

Wockpharma underperform market till now from its peers as well as nifty..technical chart suggest if nothing wrong in fundamentals then stock should go up from here as
idea suggested multiyear golden cross should happens next 2-3 months. !! lets see
stock has bottom around 350-375 and resistance around 500-520 .

according to my technical analysis stocj should touch 500 in next 2-3 month. then we will talk about next levels.

stay updated. !!