Wockhardt

Value Wave Investment

The chart shows 2 arrows showing my two failed attempts at calling the wave 2 low, but now it is a sector call especailly after a 4 year bear market for domestic pharma. Someone asked me if I like domestic or multinational. The MNCs never corrected and so were in a bull run of their own anyway. So from a value perspective it is domestic that is coming out of the dust. So that my major focus. But MNCs are not bad charts. Back to Wockhardt short term. We did minor wave 1 and 2 and maybe 3 up started at small degree. The previous swing high near 415 is going to be the first hurdle longer term. Above that we end the lower top lower bottom formation.