After a long downtrend, we can see that the stock price for Wockhardt NSE:WOCKPHARMA got rejected after retracing about 38.2% of the previous downmove.
I can also see that it broke the 23.6% level as well with a large candle on Friday.
Good opportunity to short here with stop loss a few points above 684 for a first target around 608 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.