Saturday, October 31, 2015

WockPharma Analysis: Abhishek Mittal

WockPharma has aways been a stock of vertical moves, quick up moves followed by sharp declines. This chart was created a couple of days back when wockpharma was hovering around 1600 levels. The count clearly showed that a C wave was due on the lower side. And indeed yes the stock has dropped off those levels to hit levels of 1413. Now its better to give the stock some time to settle down. After this correction we could be moving toward a big impulsive up move. But that is a different story.