It is been observed that the price action is consolidated within a triangle formation on the daily chart and now the price action breaking out from the triangle indicating strong bullishness and buyers dominance over the price action. Buyers shall further take price action higher and continue the trend.
Target 1: 760
Target 2: 780
Stoploss: 720
It is been observed that the price action consolidating in a corrective channel on hourly chart and now, it has broken above the downward consolidating channel indicating further move up.
Target: 690
Stoploss: 660
Risk Reward: 1:2
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.
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