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 !!
Looks like a cup and handle breakout. Need a closing above 570. Targets according to patterns are till 1000.
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.
Flag breakout from the bottom. Selling pressure.
WOCKPHARMA BREAKOUT SEEMS DUE BUT LOOKING AT CURRENT MARKET CONDITIONS CANT ASSURE 100% IF IT BREKS OUT MAY GIVE GOOD RETURNS IN SHORT TERM YOU CAN HOLD THIS STOCK FOR LONG TIME IN CASH MARKET. MY ENTRY WAS AROUND 357 STILL SHODING AND HAVE ADDED MORE WITH RISK REWARD RATIO AS SHOWN. NSE:WOCKPHARMA
Can give breakout above trendline.
you can take a buy position above 333.5 for a target of 380. holding period is few weeks please hit like button if you feel this idea helpful
you can take buy position when it breaks the range . entry level above 335. target 380
Note: This is for educational purpose only. There seems to be a bullish ascending triangle breakout with ultra high volume. RSI above 60 indicates bullish momentum as well.
WOCKPHARMA: BUY ABOVE 244 TARGETS: 246, 248, 250, 252 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
IT IS TRADING BETWEEN TREND LINES ONCE IT CLOSES ABOVE UPPER LINE TARGET IS GIVEN FOR LONG AND IF IT COMES DOWN FIRST TARGET FOR SHORT IS ITSELF TREND LINE AND 2ND IS ALSO GIVEN WITH ARROW GOOD LUCK NOTE: TRADE AT OWN RISK
Wockhardt can be watched to initiate a buy on dips