Wockhardt Limited – Huge Breakout on Monthly Charts and some more stocks



Wockhardt Limited -


- > The stock had been in the range of 310 to 410 for the last 6-9 months.

- > Todays move above 420 with volumes signifies a major breakout which can target 550 levels in the medium term.

- > The stock can be bought partially at current levels and on dips to 400-415 with a closing stoploss of 380 with a medium term view.

- > Short term target 460.


Dislcosure: Recommended to clients at 408.


Some other stocks to watchout for


Tech Mahindra could give a fresh breakout above 760 levels. Traders can keep a watch.


Glaxo Consumer, Gillette, Nestle are few MNCs which look good as defensive bets on any sharp dips.


Please do your own research before entering any stock.



PUNE July 16-17

BANGALORE July 23-24

MUMBAI July 30-31

1 Comment

  1. kksuresh
    July 12, 2011

    Dear sir, please give ur views on dr reddys after studying its cahrts. even though the market is falling this stock is standing tall. thank you.


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