WOCKPHARMA - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.9

Wockhardt Ltd (WOCKPHARMA) shows moderate bullish potential for intraday trading today, supported by technical strength and favorable price action. However, traders should remain cautious due to recent volatility and weak fundamentals.

🔍 Intraday Analysis Summary

✅ Bullish Indicators

MACD: Strong positive value (12.7) and bullish crossover

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Price Action: Trading above 50-DMA (₹1,644) and 200-DMA (₹1,383), indicating short-term strength

Volume: Healthy at ~4.24L, close to average, showing consistent interest

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Momentum Oscillators: Stochastic, ROC, and Awesome Oscillator all bullish

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Support Zone: Strong support near ₹1,600–₹1,618 confirmed by multiple indicators

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Short-Term Targets: Projected upside toward ₹1,723–₹1,750 in the coming sessions

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⚠️ Bearish/Neutral Indicators

Fundamentals: Negative EPS (-₹2.89), ROE (-1.22%), and recent quarterly loss (₹-25 Cr) raise caution

RSI: Neutral at 49.1, not confirming strong momentum

Volume Trend: Slightly below 1-week average, suggesting mild hesitation

Valuation Metrics: Missing P/E and PEG ratios indicate uncertainty in earnings outlook

💡 Intraday Strategy

📈 If You're Entering Fresh Today

Optimal Buy Price: ₹1,610–₹1,618 (near strong support zone)

Profit Target Levels

First Target: ₹1,648 (pivot resistance)

Second Target: ₹1,675 (weekly resistance zone)

Stop Loss: ₹1,595 (below support and intraday low)

📉 If You're Already Holding

Exit on Weakness

If price breaks below ₹1,600 with declining volume and MACD flattens, consider exiting

RSI dipping below 45 and bearish crossover in Stochastic would confirm weakness

Exit on Strength

If price crosses ₹1,648 with volume surge and RSI > 55, consider partial profit booking

Full exit near ₹1,675 if momentum fades or MACD histogram starts contracting

🧠 Final Thoughts

WOCKPHARMA is a technically favorable intraday candidate today, especially if it holds above ₹1,610. Momentum indicators support a short-term bounce, but weak fundamentals and past volatility suggest using tight stop-losses.

Would you like me to monitor this stock’s live movement or suggest similar pharma stocks with stronger fundamentals?

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