BUY WOCKPHARMA ABOVE 600 TGT 630/650 SL 565
Wockpharma is
looking weak on charts however it is accumulating above its major support level
550 and recently has given breakout of its previous major resistance level 600,
now it has next resistance at the level of 650; it is likely to experience
fresh buying with the crossing of mentioned level, where one may keep the targets
of 630,650 in the stock with the stop loss of 565. Overall trend of the stock
is bullish and after experiencing correction from the higher level. as it is
managing to sustain below its 22& 50
and 200 days moving averages with the RSI of 30. it is likely to show
correction with the breach of the support level of 560, where one may initiate
the short position in it for the targets of 540,530 while stop loss can be
placed at 590.
DAILY CHART FOR WOCKPHARMA
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