Buy Wockhardt (LTP) if closes above 249 on daily basis
for the target of 282/293/315++
(13% / 17% / 26% respectively )
with stoploss of 232 (7%) on daily closing basis
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.
WOCKPHARMA
Red is 20EMA
Market Broke above Swing High
Entry-205
SL-168
TGT-1-280
TGT-2-460
R:R-1:2
*EXIT METHOD*
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout candle.
*Safe traders wait for a retest of the breakout level and then enter a buy...
Today I picked WOCKPHARMA because, it broken cup and handle resistance on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Cup and handle Pattern
3. Continous rising volumes
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please...
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
