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varun_devadiga

Channel Breakout in Wockhardt

WOCKHARDT (NSE:WOCKPHARMA)  
varun_devadiga  
NSE:WOCKPHARMA   WOCKHARDT
Support and Resistance Trend Lines Wedge WOCKPHARMA wockhardt LONG Bullish Patterns channelbreak Trend Line Break volumespike wedgebreakout
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supportandresistance trendline wedgepattern wockpharma wockhardt long bullish channelbreak trendlinebreak volumespike wedgebreakout
From past one year stock was trading in a channel and finally it has managed to close above this channel.

Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock.

Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at 230.

This is just a view not a recommendation to trade. Do your own analysis before making any investment.

Share your opinion in the comment section.

WOCKPHARMA
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