Wockhardt pharma at 420rs has great upside.... Price is close to trend line.... and showed bullish signs today with nearly 5% gains... good to buy... minimum 30% gains in medium term...
WOCKPHARMA trade ideas
wockpharma. on support wockpharma can buy 416 CMP first target 580 second target 800 time frame 2 to 3 months..SL -388
WOCKPHARMA BULLISH BUTTERFLY PATTERNHello
Welcome to this analysis about WOCKPHARMA , we are looking at daily timeframe perspectives. WOCKPHARMA is developing here that will be a decisive factor in the upcoming times. I discovered the main formation WOCKPHARMA is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how WOCKPHARMA has emerged with this key channel pattern & Butterfly harmonic pattern marked in my chart with boundaries. which is an important level and also psychological level mark together with the lower-boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis about WOCKPHARMA and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
WOCKHARDT 1HRBULLISH BUTTERFLY
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
Wockpharma is on uptrend and given breakout from recent channelWockpharma is on uptrend and given breakout from recent channel
wockhardt#Wockhardt Weekly Chart is indicating a decent upmove in next 1-3 Months, Earlier two stances taken support of trend line, as well near breakout retest zone. My First Target is 700 stop loss should be 479 on closing basis.
*IMP* Wockparma 2 month hold. 60% Returnonly buy if the candle doesn't cross and close 518 downwards. and buy on the end of day when the candle closes green or a couple of long wicks downwards on day candle. 60-70 percent return expected in 1 and half to 2 months. and 250/300 percent expected in a year and half to 2 years for long hold.
Stock to watch outsituation based stock.
if the price breaks form below its bearish until trend changes
or if it reverses in the coming days then we may see a good movement
WOCKPHARMA: pharma sectorSL-523
#CLEANANDCLEARSTOCKS
VOLUMES ARE GOOD ENOUGH.
DOUBTS IN COMMENT SECTION.
WockPharma : Inverse H&S PatternTRADE PLAN :
for 3 to 15 months
Accumulate between 510 to 560
Place SL below 390 - day close basis
Look for 690, 850, 1000+
Risk of 110 points, rewards of 130, 350 & 500+ points
(do your own analysis)
wock pharmaWockhardt Ltd. 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 Speciality Hospitals. . It has many research centres and several manufacturing plants, with businesses ranging from the manufacture and marketing of Pharmaceutical and Bio-pharmaceutical formulations, Active Pharmaceutical Ingredients (APIs) and Vaccines. It is a business in transition. New and innovative business models are in motion to make the most of emerging opportunities. A new drive for growth today permeates every mind-set, process and techno-innovation within Wockhardt.
Business area of the company
The company is a pharmaceutical and biotechnology company. The Company's businesses include manufacture and marketing of pharmaceutical and bio-pharmaceutical formulations, active pharmaceutical ingredients (APIs) and vaccines.
"The Company is in the process of negotiating manufacturing options for Covid -19 vaccine with global Vaccine developers as part of its normal pharmaceutical business. Since such agreements need technological evaluations, the Company is presently doing the same
jhunjhunwala have increased stake by 2%
WOCKPHAM POSITIONAL VIEW IN #WOCKARDT
BUY WOCKARDT ABOVE 653
STOP LOSS - 616 CLBS
TGT - 690 710 720 ++
wockpharma short term Wockpharma breakout happened in daily chart, and now retracing , In 15 min time frame falling wedge pattern in forming. once the falling wegde brokes it will go above
WOCKHARDT PHARMA - Multi Year BreakoutA multi year breakout from a Falling Wedge.
The price has crossed above the Ichimoku Cloud.
MACD crossover on the cards soon.
broad wedge patternStock 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!
neutral at this momentRSI 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 - Volume BreakoutWOCKPHARMA 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.
