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...
WOCKPHARMA 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...
Long wock-pharma above 250 for the next target price of 280-290 with SL of 236. The stock is forms HH & HL. RSI above 60 levels.Bullish momentum in the stock. A very high probability. keep the stock on your watchlist. This is for your educational purpose only.
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...
📊 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...
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...
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...
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
Stock 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.
WOCKPHARMA Formed triangle pattern. Wait for proper breakout and retest and based on that, one can look for entries.
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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...
Golden 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...
WOCKPHARMA on yearly chart daily time frame double bottom formation seen recently 410-415 level and for confirmation breakout also seen 450 sub level which clearly indicate bullish upword movement projection around 500-600-750 as target ..stop loss bellow double bottom line which is 400 level.
RSI wap also bullish indication and near 50 now on daily time frame...
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...
