As one can see Wockhardt Ltd monthly chart after down fall it made double bottom than inverted pattern made it to cmp. As it already double from low ..only high risk long term accumulation (on any downside for bounce back) observe for Upmove as trendlines resistance /double bottom mid point breakout resistance level . Where as currently daily and weekly moving averages supporting it's upmove
Comment:
As per pattern it moving toward upper level of resistance .will it breakout pattern ..one need to observe for learning only