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Wockhardt

16 Feb 202110:24 AM

Wockhardt closed positive after touching the lower blue line on this chart. That marks the possible completion of a triangle in wave 4. Triangles have 5 waves to be marked as a-b-c-d-e, inside a contracting trading range. The 40dema at 495 is also an important support for this pattern. A move beyond the top end of the triangle at 540 would amount to a breakout from the pattern into wave 5 of 3.

Wockhardt closed positive after touching the lower blue line on this chart. That marks the possible completion of a triangle in wave 4

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