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.
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