TOp 3 stocks to buy for huge profitAll levels discussed are for training and educational purpose only.
WOCKPHARMA trade ideas
WOCKHARDT LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Tringle pattern breakout @wockpharmaWockpharma given breakout from tringle pattern after a long downtrend from the year 2013.
wockhardt chart analysiswockhardt chart analysis on daily time frame. It looks like a resistance breakout but safe traders can wait for a retest. Please share your valuable feedback
#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 | 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.
Bottom round reversal..now consolidating near resistance level..Good trade set up.. possibility of BO in Wockpharma in weekly chart
WOCKART..Broke out upthis one broke out on good volumes...tgt calculated based on parallel pattern break...Also makes sense as mkts may correct shifting focus to defensive stocks
Wockhardt moved above the downward sloping trend lineWockhardt moved above the downward sloping trend line. RSI reading is strong. Can be interesting when the price comes down for testing the breakout
Pennant on WOCKPHARMAWOCKPHARMA formed a Pennant formation on daily chart. Multiple support and resistance were tested and price broke out of resistance. Price also successfully tested it and bounced back. Volume was above average on the day of breakout. Looking at the way of bullish formation on this stock, I believe it has got good potential. Stop loss can be held just below the swing with target the width of the pendent. Entry can be just above the breakout candle.
Hope you like this idea. If you like, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
Bullish on WOCKPHARMA Bullish view on wochpharma
Buy above 516
SL 488
Target 630+
Disclaimer -We are not responsible for your profit and loss it's only for education purpose analysis.do your analysis before invest
SWING BREAKOUT STOCKNSE:WOCKPHARMA
All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Flag breakout in wockhardt pharma on a weekly time frameFlag breakout in wockhardt pharma on a weekly time frame
target is 710-720
sl 412
Monthly pattern breakout in WorkpharmaIt's in triable pattern and it is about to break . We can see 1-2 candles retrace and then it can fire.
WOCKPHARMA- 9 years old Trend line breakoutWOCKPHARMA is giving 9 years old Trend Line breakout, one can take a short term position for a target of 700.
WOCKPHARMA Weekly Timeframe Analysis for long term
NSE:WOCKPHARMA has taken strong bounce from NSE listed price level zone.
We can see long term move above 513 & can buy in 443 with SL 373.
Major targets levels are highlighted in blue lines.
Weekly:
Monthly:
💥Wockhardt Pharma💥-Nice Breakout💥Wockhardt Pharma💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-355-365
Breakout Price-343
Stoploss-243
Targets-465-600-823
RT for max reach
#wockhardt #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
BreakoutBreakout from 19 month long Trend line resistance range.
Cup And Handle formation.
Immediate support 221 to 225
immediate Resistance 317 to 320
Getting ready for big move.
WOCKART..BuyGave a head and shoulders pattern..AND also into new territory...Tgt is 400 as per HS pattern calculation..SO BUY>..
Wookpharma on a weekly timeframe Wook pharma on weekly timeframe give strong breakout of bullflag pattern
Next target @400
Wockpharma W/M good demand ZoneWockpharma seems to be bounce from Good demand Zone.
Only RSI not supporting the bounce
still small Risk management can go long for Very good upside.
134 145 good range to Enter with stop 130 Can we see 👀 upside 10/25/50% upside 😀
Next demand Zone 98 104 Last Major will be 60 68
WOCKPHARMA WOCKPHARMA has completed a long term correction cycle and now could be a good buy with targets above 2,000 in the long term. The invalidation for this analysis remains at 135.20 (marked level).
