From 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...
Wockhardt 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...
A Bullish reversal sign seen on the Daily chart of WOCKPHARMA. A divergence in RSI and Price along with Trend Breakout suggest some more upside. Strict Stop Loss at 211.00 with Target around 280.00 plus. Analysis lines drawn on chart
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...
Stock: 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...
Wock 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 ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock...
Wockhardt
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
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 !!
Wockhardt has given Flag Pattern breakout on the weekly chart. The delivery volume also confirms the same. RSI also moved up from the oversold zone on the weekly chart. MACD crossover on the chart shall move price action further.
