WOCKPHARMA trade ideas
Buy! Buy!! Buy!!!WOCKPHARMA is making triangle pattern, breakout level is 570 short term target is very small (620) but looks good for mid term holding with target of 750+
Consolidation PhaseThis stock is in overbought zone according to RSI also this correction was from 0.5 fibo level.
I hope this will go in consolidation for some days and then continue its up move but the budget session is near in INDIA so any fresh position should be avoided untill it crosses 550 with heavy volume
Wockhardt Given a break out at 310-312 level.
Stoploss and targets as shown in chart.
This is just an opinion based on my study.. NOT an investment advice.
SHORT SHORT around 408-413 with SL @ 420 for TGTS of 5-10-15-20-25-30-35-40 just a view better seek professional advice.
Wockpharma - Triangle - break - at TargetsAlready this was posted when it was trading near the channel support, the target was the top of the channel and it went to the targets and rejects.
Now it formed a triangle pattern inside the channel and breaks out to reach the channel atop and beyond that. . .
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Wockpharma: BullishNSE:WOCKPHARMA
Wockpharma bullish above 313.50
Target 400+
Sl: 292.95
Risk is yours and Reward is too yours totally
landing in 'c' amidst rising waves???will be eagerly looking for a possible turn around and would be more pleased is happens with underthrow.
Taken support in Parallel channel of WOCKPHARMAPrice took support in Parallel channel of WOCKPHARMA. This is for Positional trade . Good to go long as price took support and also closed above 200 SMA.
Make sure to exit the trade if price close below 200 SMA untill that you can trail your profits .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Parallel Channel in WockPharmaThe 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.
WOCKPHARMA : BULLISHcorrective structure. The last leg is still pending. Buy on dips for the target of 370's.
buy wockhardt!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..
