A multi year breakout from a Falling Wedge. The price has crossed above the Ichimoku Cloud. MACD crossover on the cards soon.
Wockpharma is following aa tringle chart pattern and respecting support
Stock on broad wedge pattern, ideal buy area marked on the chart. Expecting target around 750 braking above it may reach even 850 and 1000 Happy Investing!
RSI is downwards on a weekly chart. There is a huge resistance in the 550-560 range. The price might keep falling fall or remain flat for next couple of weeks. Be careful before trading. As Ichimoku Cloud is in green, it will go up but before this, the price will be tested hard.
WOCKPHARMA broke 9 month level today with heavy volume. This is a strong move by stock. Do checkout for a retracement / sideways move and resumption of up move after that. These idea's are not my recommendations. Do perform your own analysis before making any trade based on this idea.
NSE:WOCKPHARMA making higher highs and higher lows and finally up 20% today. 410 is a resistance from where it has reversed twice earlier. Need to watch out if it gets broken easily or not.
can we see a new bull cycle on NSE:NIFTY NSE:WOCKPHARMA self explanatory chart with labels!
Wock Pharma can go up, wait for BO and restest and enter with good R:R. ** Eductional purpose only ** This is my personal view, please do ur own research before taking any investment decision. This view is negated if breaks the lower support.
Buy WOCKHARDT For 241 243 260 276 280 292 314 316 330 343 SL 199
WOCKHARDT STOCK IS FORMING POTENTIAL HEAD AND SHOULDERS PATTERN ON H-1 CHART. HEAD AND SHOULDERS FORMATION IS A REVERSAL SIGNAL. STOCK HAS FORMED THAT REVERSAL SIGNAL RIGHT AT THE BOTTOM AROUND MULTI YEAR LOW PRICE. BUY ENTRY: INR 175-165 STOP LOSS: INR 146 TARGET-1: INR 210 TARGET-2: INR 227 HOLDING PERIOD: AROUND 4-6 WEEKS.
one of the best way to execute harmonics is to combine the trendline and support&resistance in your existing ratio
SL compulsory
Trade Plans: Sell Below 243.05 with the stop loss of 245.6
NSE:WOCKPHARMA #Long Term #Target above 350