TradingView
TheWealthVector
Jul 16, 2021 7:33 AM

NSE-:WOCKPHARMA - BULLISH REVERSAL Long

WOCKHARDTNSE

Description

Scrip: NSE:WOCKPHARMA
Trade: LONG (BUY/ADD)
Target:1 618
Target:2 795
Target:1 1010

Reason for trade: Long consolidation forming a Bullish Reversal pattern volume. Broke above weekly resistance of 550.

Disclaimer: Please consult your financial advisor before taking any trade decision. After all, this is just an idea!

Trade closed: stop reached

Stock fell below 550 weekly resistance and showing signs of bearish behavior.
Comments
Hulk703
my purchase price is 792 can i hold this for long term pls advise
TheWealthVector
@Hulk703,

Hey. That's not good. In our view, stock is bearish and it has already broken 550 (weekly support) and recommends SELL. Now if the stock sustains 515, then it can be held (or maybe till 500, where there is psychological support). Try to keep defined SLs to protect capital for future trade.
Hulk703
rasheed12rasheed
Do more !!! We are following and analysis 🧐 give confident . Don’t stop
TheWealthVector
@rasheed12rasheed,

Hey. Thanks for support. Cheers!
More