Edit this post
Wockhardt Limited has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The price has broken through the ceiling at 179 of a rectangle pattern. A decisive break will signal a further rise to 188 or more. The stock has broken up through resistance at rupee 170.
Make money using our bank nifty option tips on a daily basis.
This predicts a further rise. In case
of negative reactions, there will now be
support at rupee 170. Positive volume
balance indicates that volume is high on days
with rising prices and low on days with falling
prices, which strengthens the stock. The RSI
curve shows a rising trend, which could be an
early signal of the start of a rising trend for
the price as well. The stock is overall
assessed as technically positive for the
medium long term.
