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Tuesday, August 6, 2013

Wockhardt....Will it Stop & Bounce???

Difficult to say and risky. Only technically I could comment some.
Wockhardt currently at 381 and down freeze. Technically I strongly feel that there's limited downside now and stock could anytime reverse back.
It got super excellent support in the region of 380 to 330 so this's the range from where it could reverse back any time. I recommend a buy in the given range. Do not wait the freeze to open to get in rather start buying in very little little qty in every sharp decline now as whenever it opens it might end at upper circuit only. 

It may or may not happen. It could be risky. Better to stay away if appetite not strong.
Its an personal assumption.


1 comment:

  1. Today Wockhardt hits lower circuit at 344.45 from there it went on to hit upper circuit at 380.65 however currently at 379 when this message posted.
    Happened as assumed.

    ReplyDelete