WOCKPHARMA - Great Triangle BreakoutPrice consolidate inside Triangle structure since 2012 and it breakout with good green candle previous week.
WOCKPHARMA trade ideas
Wochardt Ltd, classic Cup & handle break out (Long target ₹1500)Hello trader,
Wockhardt Pharma is showing a promising technical setup with a classic cup and handle pattern breakout, supported by a significant volume spike . This pattern often signals the continuation of an uptrend, suggesting strong buying interest. Additionally, the RSI (Relative Strength Index) is above 60, indicating sustained strength and bullish momentum in the stock. These factors combined make wockhardt Pharma an attractive momentum play for traders, with the potential for continued gains if the breakout holds and volume persists.
Note: This opinion is only for educational purpose, before trade please do your own analysis
WOCKPHARMA - Great Triangle from 2012STOCK in YOUR RADAR. Price consolidate inside Triangle structure since 2012 and we can expect good returns once the price breakout.
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.
Wockhardt Ltd – Double Bottom Breakout & Bullish ReversalWockhardt Ltd. has broken out of a long-term downtrend, moving past the neckline of a Double Bottom Pattern, indicating a potential trend reversal. The stock has surged to ₹1,062.75, with a massive 15.20% gain for the day.
Technical Indicators:
Double Bottom Pattern: A classic bullish reversal pattern has formed, with the neckline being broken decisively. This suggests that the stock could be entering a new uptrend.
Breakout: The breakout above the neckline is significant, as it breaks a multi-year downtrend. This signals strong upward momentum and the potential for further gains.
Increasing Volume: The recent price action is supported by rising volume, confirming the strength of the breakout.
Strong Resistance Level: Keep an eye on the next major resistance level near ₹2,000. The stock could face challenges as it approaches this zone.
Key Levels:
Neckline: The neckline of the double bottom pattern has been broken, acting as new support.
Downtrend Line: The stock has successfully reversed the long-term downtrend.
Conclusion: Wockhardt Ltd. is showing strong bullish signs, with a confirmed breakout from a double bottom pattern and increasing volume. This could be the beginning of a sustained uptrend. Watch for further momentum and resistance levels ahead.
Disclaimer: The content provided is for educational and informational purposes only and should not be construed as financial advice. Please conduct your own research NSE:WOCKPHARMA before making any investment decisions.
WOCKPHARMA (200%+ Target in long term)Stock Name-WOCKPHARMA
.
Entry, SL & Targets are given on chart
.
(For long term)
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
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.
Wocky gonna Rocky?The pattern seems pretty self explanatory. BB bands have narrowed similarly in the past three Quarters before earnings. Will the future look exactly like the past? Well it might not repeat, but often rhymes. NOT ADVICE - Please use trailing Stop Losses.
BuyBuy wockhard at cmp 592 SL 540 daily closing basis target 800
Disc : It's not an investment advise to buy or sell
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.
Long Position ( Long term)Look at monthly /daily chart .its about to make your money 2-4 times in 1-2 year span.
WOCKPHARMA (Monthly)WOCKPHARMA (Monthly)
Stock forming W pattern in monthly TF
Fib levels as SL and targets
Wock Pharma Looking Excellent Ready For Breakout1. RSI and Volume: RSI is on the rise, indicating increasing buying pressure. Volume confirms the upside momentum, suggesting strong bullish sentiment.
2. ADX and MACD: ADX is climbing, indicating a strengthening trend. MACD has experienced a bullish crossover, further supporting the bullish bias.
3. Higher Highs: The stock is forming higher highs in lower time frames, indicating growing confidence among traders.
4. Crucial Levels: Currently trading above all crucial levels, including EMA and SMA, indicating potential for decent returns. Keep Wock Pharma on your radar.
5. Triangle Breakout: The stock has broken out of a triangle pattern, suggesting a potential continuation of the current upward trend.
Wockhard - Multiyear breakout!Wockhard has been consolidation since 2013, over 10 years! But now it has given breakout on monthly chart. It's a structural change on the chart.
Needless to say, volumes look great for recent months.
CMP : 404
SL - 320
Target - 650, 750, 950 ,1200
Note: It's a monthly chart breakout. Stock can take a few months to couple of years to attain this target.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
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.
Wockhardt - Flag Pattern Breakout Wockhardt is breakout from flag pattern and moving towards a target of 800+, ~60%upside. Other factors:
1. Volumes have again started picking up
2. RSI is above 60 on a daily basis
3. MACD is becoming positive
4. Dec quarter results are shows sign of getting better - Revenue has increased and loss has reduced
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
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 BULLISH BREAKOUT Its a up flag breakout.Breakout is happened after a long consolidation with huge volume
BuyBuy 50% at CMP 550 and rest 50% above 565 stop loss 530 target 800
Disc : It's not an investment advise to buy or sell
WOCKPHARMA - 4 Factors Price Action Factor# 1 - Long term support at 505-510
Factor# 2 - Flag pattern since last 8 months
Factor# 3 - Inv Head & Shoulder
Factor# 4 - Mid term resistance at 600-610
Entry@ abv 600 (Day close)
SL@ 540 (Day close)
Target 690/750
Always work with risk management.
Trading is not a guaranteed profit scheme.
Thanks
Piyush Gupta
Learn & Earn
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.
Ready for a breakoutI had strongly recommended this stock for investments some time back. This stock is locked in 5% upper circuit post its QIP issue. That zone at 632 is the most crucial resistance. A monthly close above this will also be a breakout of the mid point of the double bottom.
