CLASSIC BULL CUP & HANDLE FORMATION IN WEEKLY CHART.
Updated
Wock Pharma is a global pharmaceutical and biotechnology company with most of it's revenue coming from europe.
With Pharma Industry Booming Wockpharma weekly chart indicate a Classic bullish Cup & Handle Formation.
Supply Zone has been breached with good volume.
600 is in Psychological Resistance Zone.
Targets are marked in the charts as they are important fibonacci levels.
Keep an eye for these levels as weakness may occur. One can book partially and trail SL or book completely depending on your risk appetite.
P.S Education Purpose Only.
With Pharma Industry Booming Wockpharma weekly chart indicate a Classic bullish Cup & Handle Formation.
Supply Zone has been breached with good volume.
600 is in Psychological Resistance Zone.
Targets are marked in the charts as they are important fibonacci levels.
Keep an eye for these levels as weakness may occur. One can book partially and trail SL or book completely depending on your risk appetite.
P.S Education Purpose Only.
Trade closed: target reached
Target 1 reached.
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