Wock 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 .
price of stock in in the box and ready to blast . As per p&f system price closed above 10 SMA . stop loss is on closing basis . keep trailing stop loss . method of trailing can be . moving average , ATR , weekly low , daily low or median . do not let a profit position convert into loss . happy trading
As i have marked the support and resistence points on the chart . it shows price below 314 can go upto 285 . trader can only enter this trade below 314 not before. and keep an alert on your trading terminal for the same
ASHOKA looks like a strong long candidate as it is having an inverted head and shoulder on weekly charts.
- Strong volumes from last few weeks
- RSI looks bullish > 60
One can go long here
CMP - 114.9
Dips to be added as well till 90-100
Keep Strict SL 78 WCB and Target 142/170/195++