WOCKHARDT LTDLong
#WOCKPHARMA: Positive Divergence Strategy for Swing Trading
As per the chart, there's a clear positive divergence on the hourly time frame.
On the daily time frame, the prices are at a crucial support zone with a bullish harami candlestick pattern hinting at a bullish reversal.
Prices have also breached the trend line confirming the entry signal on the hourly chart.
You can consider adding a fresh long position here with a SL of 393.5, and a first target at 428.5 level.
On the daily time frame, the prices are at a crucial support zone with a bullish harami candlestick pattern hinting at a bullish reversal.
Prices have also breached the trend line confirming the entry signal on the hourly chart.
You can consider adding a fresh long position here with a SL of 393.5, and a first target at 428.5 level.
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