February 27, 2017
Wockhardt (NSE Cash)
725 - 732
14 - 21 sessions
Source: Falcon (Time: 13:10 IST)
We have seen a tremendous underperformance from this stock which was certainly a trader’s delight in the calendar year
of 2012. The stock prices took a nosedive in the early part of 2016 and since February 2016, it has done nothing in terms
of price movement. Now after a long consolidation, we are seeing some base building formation in the stock. The stock
is on the verge of confirming a breakout from the multiple resistance zone at 724. The weekly and monthly chart looks
encouraging and hence, we expect the stock to give a decent rally in the near term.
Thus, we advise traders to buy this
stock at current levels to a decline up to
725 for a target of
808 over the next 14 to 21 sessions. The stop loss
should be fixed at
022-3935 7600 Extn: 6552
February 27, 2017
Last 11 recommendations
CMP Target 1 Target 2 Stop-loss
861 - 867
91.50 - 92.50
Booked Profit at 158
140 - 141
1190 - 1200
346 - 349
88 - 89
381 - 384
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
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