“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 LOSERS: Yes Bank, BHEL, Tata Steel, Zee,
Hindalco, Asian Paints and Tata Motors