#WOCKPHARMA#WOCKPHARMA:
1) Up trend paused and created a base, Price approaching break out region.
2) High Relative strength Vs #CNX500
3) From leading sector - Pharma
4) Consolidating near break out region.
5) Decent Fundamentals
6) promotor / FII holding increased slightly
7) Good candidate for swing trade
WOCKPHARMA
WOCKPHARMA | Price can be touch 1840 I'm considering WOCKPHARMA as seems like a promising opportunity.
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
WOCKPHARMA - VOLUME BREAKOUT 📊 Script: WOCKPHARMA (WOCKHARDT LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY PHARMA
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals & Biotechnology
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving Breakout.
📈 MACD line took slight support of signal line and giving bounce back and already in crossover.
📈 Already Crossover in Double Moving Averages.
📈 There is Volume Breakout.
📈 Right now RSI is around 76.
⏱️ C.M.P 📑💰- 263
🟢 Target 🎯🏆 - 293
⚠️ Stoploss ☠️🚫 - 242
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Wockhardt 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 major resistance or hurdle at 405, closing above these areas will invalidate all bearish bias.
Overall wave structure could be like this
Key Levels are Mentioned on chart
Macd in daily Negative crossover and down tick below zero line
Macd in weekly Negative crossover and down tick below zero line
Macd in Monthly Negative crossover and down tick below zero line
Rsi in daily down tick and below 40 level
Rsi in Weekly down tick and below 40 levels
Lower bollinger band challenged in daily
Dmi adx also giving Negative power
Disclaimer
I am not sebi registered analyst.
My studies are Educational purpose only.
Please consult your Financial advisor before trading or investing.
WOCK PHARMA SWING TRADEWOCK 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. patience is key.
Buy WockPharma above 408 SL 389 TGT 487Wock 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 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!
*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.
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.
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.