WOCKPHARMA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.0

📉 WOCKPHARMA is currently in a reversal phase with bearish momentum and weak technical indicators. Entry zone: ₹1,200–₹1,281; exit zone: ₹1,350–₹1,420. Watch for RSI recovery and MACD flattening to confirm bottoming out.

📊 Technical Overview

• Price Action: Trading at ₹1,281, below both 50-DMA (₹1,426) and 200-DMA (₹1,412), indicating short- and medium-term weakness.
• RSI (33.6): Near oversold zone, suggesting potential for technical bounce but no confirmation yet.
• MACD (-46.7): Bearish crossover, confirming downward pressure.
• Bollinger Bands: Price near lower band, indicating oversold conditions with possible support.
• Volume: Below 1-week average, showing weak participation and low conviction.
• Support Zones: ₹1,200 (S1), ₹1,110 (S2)
• Resistance Zones: ₹1,350 (R1), ₹1,420 (R2)

✅ Positive

• Quarterly PAT increased from ₹40 Cr. to ₹69 Cr., a 1,050% jump.
• EPS of ₹3.01 reflects earnings recovery.
• Price has rebounded ~15% from its 52-week low of ₹1,110.

⚠️ Limitation

• Stock P/E (408) is extremely high compared to industry average (33.1), indicating severe overvaluation.
• PEG ratio of 16.9 suggests poor earnings growth relative to valuation.
• ROCE (4.40%) and ROE (-0.53%) reflect weak capital efficiency.
• Price trading well below key moving averages confirms bearish bias.

📉 Company Negative News

• FII holdings declined (-0.19%), reflecting reduced foreign investor confidence.
• Price has corrected ~31% from its 52-week high of ₹1,870.

📈 Company Positive News

• Quarterly profit surge signals operational turnaround.
• MACD and RSI nearing reversal zones, suggesting potential bottoming out.

🏢 Industry

• Pharmaceutical sector benefits from global healthcare demand and innovation in specialty drugs.
• Industry P/E of 33.1 reflects moderate valuation across peers.

🧭 Conclusion

• WOCKPHARMA is in a reversal phase with weak technical indicators and improving fundamentals.
• Entry zone: ₹1,200–₹1,281; exit zone: ₹1,350–₹1,420 for short-term bounce trades.
• Long-term investors should wait for trend reversal confirmation and earnings consistency before accumulating.