Thursday, August 27, 2015

TECHNICAL ANALYSIS OF WOCKPHARMA & DAILY CHART

FUTURE :

“BULLISH WOCKPHARMA ABOVE 1375 TGT  1400/1450” 
“BEARISH WOCKPHARMA BELOW  1340 TGT 1300/1250”
DAILY CHATS
The stock is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 1375.Breakout of its resistance level may show recovery in it where traders can expect targets of 1400 and 1500 while major support of 1300 can be placed as technical stop loss.
DAILY AND WEEKLY SUPPORT AND RESISTANCE FOR WOCKPHARMA
WOCKPHARMA levels generated based on 2015-08-27 data for the next trading day.
Daily
Level
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
1405
1365
1340
1324
1309
1292
1274
1259
1244
1219
1178

WOCKPHARMA Weekly levels generated for the week starting from 2015-08-24
Weekly
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
Levels
2192
1933
1773
1575
1515
1464
1415
1353
1156
995
835
SIMPLE MOVING AVERAGES
Days
   BSE
NSE
30
1555.80
1555.67
50
1510.26
1510.07
150
1516.36
1516.50
200
1375.05
1375.27
TODAY’S EXPIRY
Bulls gained complete control over bears on Thursday, the last day of August series, as equity benchmarks climbed 2 percent, taking cues from the Wall Street post temporary easing of China-led turmoil. Short covering and value buying in major heavyweights like HDFC, ITC and Infosys helped the Nifty close August expiry above 7900-mark. The Sensex surged 516 points to 26231 and the Nifty rallied 157 points to 7948. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising around 2.5 percent each, largely driven by short covering. The market breadth remained strong as about 1993 shares advanced against 686 shares declined on the Bombay Stock Exchange.



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