Wockhardt Breaking free...

Wockhardt
CMP 722

On hourly charts the stock is giving a breakout....

- the stock has good support at 676 - 657 zone

- upper side target at 780 + in short term

Things look interesting on medium and longer term charts

Medium term

And on a longer term chart

Interestingly the stock has respected levels of measured parallel channels... :-)

Can be looked to accumulate especially on dips towards 680-660 & at current levels if it sustains above 720 odd levels for target of 1120 levels in medium term



Take care & safe trading...!!!

Trade active:

Wockhardt

Thanks to LUPIN USFDA warning news Wockhardt too drops 5%

However levels were already indicating Below 720 there is a chance for the stock to come to the 660-680 levels

Made a low of 683 so far...