Wockhardt broke the triangle on the downside on weekly chart closing below 384, which can show down levels of 372, 324, 276, & upto 209. Wave Structure is also suggesting Corrective phase, along with trend indicators alignment in same direction, Now the triangle may be an X wave unless we go above 384 and hold, also I'll mention that on the way upside, there is...
#Consolidation Happening for long time
at strong support & Demand zone.
#RSI Divergence shows accumulation phase happening.
#Continuous Lower lows followed by consolidation
with Selling volume exhaustion.
Buy Wockpharma at 380-385 zone
Target 418, 450, 472++
SL 370
#Swing Trade #Positional
WOCK FINALLY SHOWING A BUY SIGNAL WITH A HIGHER LOW.. IT IS AN ATTRACTIVE LOCATION TO GO LONG. TAKING PARTIAL PROFITS AT 451 AND 569 WILL BE A GOOD IDEA. WOCK PHARMA IS IN WAVE 3 IN THE BIG PICTURE, CONSIDERING FOR LONG TERM HOLDING IS ALSO A GOOD IDEA. NOT A FINANCIAL ADVICE. when you consider to do swing trades always be defensive, small gains will add up....
Wockhardt is a global pharmaceutical and biotechnology organisation, providing affordable, high-quality medicines for a healthier world. It is India’s leading research-based global healthcare enterprise with relevance in the fields of Pharmaceuticals, Biotechnology and a chain of advanced Super Specialty Hospitals.
NSE:WOCKPHARMA
Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is...
Wock Pharma at very strong support . i used 4 hour time frame to analysis the above stock . entry and exit are based on P &F charts 1% box reversal method . why i choose the point and figure is the method give you exact price to enter and exit . please use stop loss .
wockpharma channel breakout seen in last couple of days, price touched up to closest resistance level i.e 530 , now retracing from that level , presently at hovering near support level i.e. 486 ,can be picked up for long now for below targets ( * Price should cross price 530 level decisively)
1st target - 600
2nd target - 680
Go for long only if your logic permits
