Wockhardt Limited (1H )

is facing a key resistance zone near the ₹1,370 level. A decisive break above this level is crucial for renewed bullish momentum. The price action suggests the stock has been in a range-bound consolidation between roughly ₹1,300 and ₹1,370 for some time. Moving Averages: The short-term Moving Averages (green and red lines) are closely intertwined, indicating compression and potential volatility once the range breaks. Potential Move: A strong close above ₹1,370 could initiate an upward move towards ₹1,400–₹1,420. On the downside, ₹1,340 acts as immediate support.