Friday, September 16, 2016

WEEKLY ANALYSIS OF WOCKPHARMA FOR 19 SEP-23 SEP

“BUY WOCKPHARMA ABOVE 952 TGT 980/1000”
“SELL WOCKPHARMA BELOW 900 TGT 870/845”

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After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 952 as the stock is managing to sustain above the level of 950. One may get the targets of 950/1000 in the stock with the stop loss of 900.
CANDLESTICK PATTERN:BULLISH TWO RABBITS

A downtrend has been in place, and the strong black candlestick adds to the bearishness that is already present. The following day opens lower with a gap down. Prices rise a little bit, and a short white candlestick is observed. The bears are not alarmed by this day, because even though a white body appears, prices fail to close above the close of the previous day. The third day opens at or below the close of the second day, but it rallies throughout the day and closes well within the body of the first day. The third day’s price action fills the gap of the second day, and shows that bearishness is eroding.

sensex ends higher ,Nifty above 8750

Today, Sensex ended with a gain of 186 points at 28,599. The Sensex opened at 28,520 touched an intra-day high of 28,779 and low of 28,495.The Nifty closed with a gain of 37 points at 8,780. The Nifty opened at 8,781 hitting a high of 8,848 and low of 8,751.The Indian stock market carried on with its northward journey and rallied for the third straight session tracking a positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate hike by the Federal Reserve at next week's meeting. 
TOP GAINERS:  Eicher Motors, Grasim, ITC, BPCL, Hero MotoCorp, Axis Bank, TCS
TOP LOSERSYes Bank, BHEL, Tata Steel, Zee, Hindalco, Asian Paints and Tata Motors 

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