Wockhardt Ltd – Strong Bullish Reversal & Momentum Build-up

📊 Wockhardt Ltd – Strong Bullish Reversal & Momentum Build-up The stock has shown a sharp reversal from lower levels after a prolonged downtrend, with strong bullish momentum and sustained buying pressure. 🔎 Technical Observations: • Prior downtrend followed by base formation • Strong reversal with bullish engulfing-type candles • Formation of higher highs & higher lows (trend shift) • Price reclaiming key resistance zones • Momentum indicators in strong bullish territory 🔑 Key Levels to Watch: • Immediate Support: ₹1420 – ₹1340 • Major Support: ₹1280 – ₹1215 • Immediate Resistance: ₹1500 – ₹1540 🚀 Upside Targets: • ₹1540 • ₹1600 • ₹1680+ 📉 Risk Scenario: Breakdown below ₹1340 may weaken the bullish structure and lead to downside towards ₹1280 📈 Trading View: 👉 Stock has entered strong recovery phase with bullish momentum 👉 Sustained move above ₹1540 can trigger further upside rally ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊