WOCKPHARMA - Technical Analysis

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

Technical Rating: 3.9

Here’s a detailed technical analysis of Wockhardt Ltd (WOCKPHARMA) based on the provided data and current market indicators

📊 Trend Overview

Current Price (₹1,697) is above both 50 DMA (₹1,644) and 200 DMA (₹1,383) — indicating a strong bullish trend.

52W Index at 83.3%: Trading near its yearly high, showing positive price strength.

Trend Status: Trending upward, but recent volatility and profit dip suggest possible short-term consolidation.

📈 Momentum Indicators

RSI (49.1): Neutral zone — no overbought/oversold signal, but leaning toward consolidation.

MACD (12.7): Strong positive crossover — indicates bullish momentum.

Volume (4.24L) is below 1-week average (5.67L) — suggests momentum may be cooling off.

📉 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,644 50 DMA, short-term base

Support 2 1,383 200 DMA, long-term support

Resistance 1 1,750 Minor resistance zone

Resistance 2 1,870 52-week high, major ceiling

🎯 Entry & Exit Zones

Optimal Entry: ₹1,645–₹1,665 (near 50 DMA, if price pulls back)

Exit Zone: ₹1,750–₹1,860 (watch for breakout confirmation)

📌 Chart Pattern Insights

MACD strength suggests momentum is building, but RSI and volume indicate caution.

Bollinger Bands likely tightening — signaling low volatility and potential breakout setup.

No clear reversal pattern; price action remains range-bound with bullish undertone.

🧠 Summary

Trend: Bullish, but watch for consolidation

Momentum: Strengthening, but volume needs confirmation

Volume: Below average — suggests hesitation

Suggested Action: Consider entry near ₹1,645 with exit target ₹1,860. Watch for breakout above ₹1,750 for trend continuation.

Would you like to compare this setup with other pharma stocks or track its breakout potential over the next few sessions?

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