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.
WOCKPHARMA
WOCKPHARMA: W pattern breakout may drive the price higher!
The 1700-1800 range has acted as a formidable barrier for this stock, with the price faced rejection at these levels on two separate occasions.
After experiencing a significant downturn, the price eventually found support around the 135 level, led the price to a period of consolidation.
During this time, the stock developed a Double Bottom pattern.
Following a substantial gap, it successfully broke out of the Double Bottom pattern with strong trading volume and is now positioned just above that breakout level.
At present, the stock is trading at nearly half its all-time high, making it an appealing option right now.
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 can be a Multibagger for next 5 YearsWOCKPHARMA can be a Multibagger for next 5 Years with Possible Target of 1700 in 5 Years
LTP - 243
Target 1 - 500 in 2 Years
Target 2 - 1700 in another 3 Years.
Target 3 - 3400+ in another 5 Years.
Based on The Monthly Chart Pattern it looks like Bottom is formed in WOCKPHARMA & "W" Pattern formation in place with Targets coming as 1700 in Long term 5/7 Years & after breakout from 1700 Levels Targets will be 3400 in another 5 Years.
so in short 10-12 Years Targets 3400+ which comes to 14 times appreciation from current Levels.
No SL required for Long term investment in Quality Instruments.
Happy Investing to my Friends & Followers.
WockPharma is testing ResistanceHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Symmetrical triangle Pattern in daily TF.
* Flag & symmetrical Triangle Pattern in week TF.
* Inverted Head & Shoulder Triangle Pattern in Monthly TF.
* From July 2014 to June 2024 Tested Trendline Many times.
* It's Near resistance Zone and trying to breakout.
* If Stock break's resistance zone then we can see a move to 741 & 1040, let's see breakout sustain or not.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
Wockpharma: DTL BO?-if Nifty Pharma breakout from long Parallel Channel (PC), Wockpharma can be one of pharma companies to perform, as it also forming long base and,
Long Base = Long Breakout .
-DTL BO anticipation (Down Trendline Breakout), tested 4 times but didnt fall with volumes.
-Clearly, Green vol > Red vol
-VCP pattern (15W-22/6-3Ts)
-Earnings due on 28th May
Setup is solid lets see how it work out. Cheat entry (Cheat entry are basically early entry in anticipation of BO) can be around 564ish level BO if day starts with Strong Start (gap up without or barely touching previous day low)
But one should wait for confirmation, if it breakout good then it can be confirmation for other stocks too as there are and always will be many opportunities in the market, only one have to seek.
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.
WOCKPHARMA - Bullish Swing ReversalNSE: WOCKPHARMA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
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 - VOLUME BREAKOUT 📊 Script: WOCKPHARMA (WOCKHARDT LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals & Biotechnology
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving Breakout.
📈 MACD line took slight support of signal line and giving bounce back and already in crossover.
📈 Already Crossover in Double Moving Averages.
📈 There is Volume Breakout.
📈 Right now RSI is around 76.
⏱️ C.M.P 📑💰- 263
🟢 Target 🎯🏆 - 293
⚠️ Stoploss ☠️🚫 - 242
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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.
WOCKPHARMA - Ichimoku Bullish Breakout Stock Name - Wockhardt Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 268.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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wockpharma longStock is currently at monthly demand zone.
keep accumulating for higher targets as mentioned in charts.
Its Monthly QML reversal Area at 256 /231. stock will bounce strong from this area.
Short to Long term investors
keep accumulating from 275 / 256 /231.
Sl weekly closing below 208.
Views are purely based on Zone.
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.
WOCKPHARMA GOLDEN CROSSOVER ON MULTIYEAR CHARTGolden Cross is strong bullish moving avg crossover where short term moving avg crossover long term moving avg above . on chart we can see 9,20,44,200 this all moving avg crossover at one point that is called bullish moving avg golden cross. this crossover does not happens often, but when this golden cross occurs stock up move very strongly ... we can see 5 year chart this crossover occur at 2 time only, now this is third time this golden cross is about to ..for confirmation i draw trend line breakout also and above trendline breakout we can see golden cross where 200 dma come as support line and 9,20,44 sma crossover done .
BUY WOCKPHARMA CMP 465.55 target 500-600-800
stop loss 425
wish u happy trading !!