View on Wockhardt Ltd. Share price 520. Technical charts not in favour.
Stock looks attractive at 1.8x Book, but the results are not so good. It would take a while for the company to post good results.
Technically, the stock is bearish on Daily and weekly charts. If you hold the stock, you can reduce on pullback rally towards 620 in short term and exit on pullback rally towards 770-800 in long term.
Stock will get too attractive at 400-430 for long term. On good results, the stock can rally towards 800 and 1000.
I am Vinoth Kanna, Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.