Partly buying here, partly above breakout with Sl above 640
WockPharma has been bullish for some time on Weekly Timeframe after a long long time of down trend and consolidation
Looks like a cup and handle breakout. Need a closing above 570. Targets according to patterns are till 1000.
wockpharma chart analysis for intraday and swing trading
* This breakout from a long term (05 years ) down trend channel and after breakout already consolidated 1 to 2 months near its support zone . In small time frame today breakout with high volume . That gives a bullish signal . Kindly Let us know if you have any question .
buy Wockpharma near 471-473 area ...Stoploss 455 Study: Flag Breakout and retest
Can give breakout above trendline.
NSE:WOCKPHARMA Wockpharma bullish above 313.50 Target 400+ Sl: 292.95 Risk is yours and Reward is too yours totally
The hourly candlestick chart of WockPharma forms a parallel channel, which creates a suitable long position opportunity with a 30% expected return and a Return-to-Risk ratio of 3. The RSI also shows a value of 29.
Making higher high pattern..... targets ------- 310/325/340.
CLASSIC accumulation pattern bounce! buy for a target of 350 first,then 550.. very convincing long term buy here too and as i have published before since 200 levels.. looks ready for the big move here after some major consolidation on the weekly. ZOOM out for longer term targets..
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
wockpharma if closed above 330 then 1 target is 410 and seciend target is 540 stop loss is 302
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.