WOCKHARDT Change in FII Hold 1.31 %
Change in DII Hold 4.52 %
Fundamentals aren't very good at the moment but I'm betting on this purely on technical front and because FII and DII see something here.
Wockhardt is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals (creams and ointments).
The Co. is amongst top 3 Indian generic companies in the UK and 6th Largest generic supplier in Ireland in Retail and Hospital channels.
Wockhardt
Wockhardt-Bad fundamentals, Strong technicals!Wockhardt is an age old Indian pharma company which has been in loss since few years.
Stock has bounced from strong support and also gave inverted head & shoulders breakout.
Stock is consolidating post breakout.Not my usual technofunda pick but a very attractive technical breakout. Please know that risk is more with such ideas.
Wockpharma For Swing/Positional Wockpharma (Wockhardt) Prediction for Swing/ Posional Trading
Breakout at entry 1 (254) level. Entry 2 is above 270 .It can retest entry 2 level , even entry 1 level. You can enter into trade at CMP or after retest.
Sls- according to you RRR.
Targets- 280,292,303,314,325,335,346,358,370,382,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About Wockpharma (Wockhardt) –
Wockhardt Ltd. engages in the pharmaceutical business. Its products include formulations, biopharmaceuticals, nutrition products, vaccines and active pharmaceutical ingredients. The company was founded by Habil Fakhruddin Khorakiwala in 1967 and is headquartered in Mumbai, India.
Wockhardt - Bullish flag patternWith a visible Bullish Flag pattern breakout, the stock appears strong, and is geared for an upleg journey towards the initial target of 740.
Follow strict stop loss of 5-8% in case of trade going wrong.
Also, be cautious below 404 as it may signal a downtrend.
Note: Not a buy/sell recommendation. Consult your financial advisor.
Bullish Flag BO in Shalby HospitalIntroduction: Shalby Limited (NSE: SHALBY) and Stock Exchange Information (BSE: 540797) is India’s leading multi-specialty hospital operating a chain of 11 tertiary hospitals with an aggregate bed capacity of over 2,000 hospital beds. It is one of the top hospitals in joint replacement surgery in India. Shalby is the number one player worldwide for knee replacement surgery and has a 4,000 plus in-house team of skilled doctors, surgeons and support staff.
A bullish flag & pole Chart Pattern Breakout on the Daily Time frame of NSE:SHALBY
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
PROBABLE WEEKLY INVERTED HEAD AND SHOULDER BREAKOUT POSSIBLEA probable Inverted Head & Shoulder Chart Pattern Breakout will happen on the weekly Time frame of NSE:WOCKPHARMA
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only after successful breakout confirmation.
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Wockhardt Limited - In a strong upward trend Wockhardt is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals (creams and ointments)vaccines in India, the United States, Europe, and internationally. The company offers generic products comprising injectables, such as cephalosporins and non-cephalosporins, molecules and value-added generics. Its biopharmaceutical products include Glaritus, an insulin analog, Wosulin, an r-DNA insulin, Wepox, a recombinant erythropoietin that is used in the treatment of anemia caused by cancer and chronic renal failure, and Biovac-B, a hepatitis B vaccine.Wockhardt has an operating revenue of Rs. 2,651.00 Cr with a healthy balance sheet . In the technical point view , its trading close to 200DMA and above 50EMA and 100EMA. Stock has already gained more than 20% in this month. if it keep this trend , then the upward movement never ends. Probably 1000 levels are not so harder in this trend .
Channel Breakout in WockhardtFrom past one year stock was trading in a channel and finally it has managed to close above this channel.
Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock.
Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at 230.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:WOCKPHARMA
WOCKPHARMA Elliott Wave AnalysisWockhardt or Wockpharma seems to have completed its WXYXZ in Wave 2 and now it should show a up move in Daily Time frame in the form of 3rd wave.
In our previous analysis we assumed it should come beyond 270-280 level from near to 500 level.
It did.
Now let's see what happens in the upcoming weeks to come.
P.S- The count will be valid till Wave 1 starting point (You can call it "ZERO" point) is breached; even on intraday basis.
EXPECTING A BULLISH MOVE IN WOCKPHARMA As per the 2 Hour Chart of WOCKHARDT LIMITED, we have witnessed a Beautiful Formation of “Morning Star” on the chart.
Therefore, we are expecting a bullish momentum in WOCKPHARMA in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 435.3, 440.3, and 450.75. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 424.65, on closing basis.
Closing Price (as on 07.01.22) : 430.05
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Wockhardt Pharma - Time to Buy - Target 520Stock: Wockhardt Pharma
Setup : Closing above month high after downtrend and sideways movement. (Quick Bounce)
Entry : 460-480
Stoploss - 440
Target 1 - 520
Target 2 - 580
Time Frame - This is positional trade idea for 3 to 6 months and is a high risk trade.
Risk: Wockhardt Pharma is currently reporting losses since last two quarters and prior to that was reporting losses from 2017 to 2020 (4 years)
The company promoter has pledged 34.44% of shares. This is a red flag for the counter and needs to be watched very closely.
Please invest and trade based on your knowledge and risk profile. Do do consider this trade setup as investment advice.
WockPharma Wockhardt AnalysisWock Pharma Trendine Break with good volume and making Higher highs in 30 min Time frame
Buy Above : 580 (Or) if it comes for retest then Buy @ 562 levels
SL : 555
Tgt: 613
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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Long Wockhardt...Potential 5X CandidateWockhardt
NSE:WOCKPHARMA
Cmp - 561
Stop - 450 on DCB
Expectation -
T1 - 2200
T2 - 5000, Review at 2200
Expected Holding Period - 360 trading days or earlier for T1
View:- Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
WOCKHARDT - Looks good for swing Stock has broken the Trendline mentioned in chart and has been generating very high volumes in recent weeks. Looks good for more upside above resistance zone.
If breaks 695 convincingly then 750-800 levels can be seen soon.
P.S. Safe traders can wait for a pullback after break out !!