Wockhardt Pharma Breaking Consolidation, Next 865 On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels.
Target 865
Stoploss: 830
WOCKPHARMA trade ideas
Bearish on WockpharmaWockpharma seems to have broken out of it's channel to the downside. Hence a move towards the LTL is possible.
IF there is an upmove (and a reversal) from the channel LTL (as shown by the arrows) then it'd be a great short. In general, up moves could be shorting opportunities.
An up move and a closing inside the channel could be a spoiler for this setup.
Wockhardt - buy setupWockhardt can be bought for medium term with a SL 700 and target of tp1 1000 tp2 1400 and tp3 1800
