Analysis:
- After made top in month of May 2014 stock starts correcting and forming a base near 560 levels and consolidating in range from more than 2 months.
- Stock has come out of range after big consolidation by breaking previous swing high and given a breakout.
- Stock is trading above its 20 days SMA, 50 days EMA & 200 day EMA suggest strong uptrend.
- Also during the breakout volume is rising which supports this breakout.
Strategy: Buy Wock Pharma at CMP- 658 and add on dips
for possible Target- 750 - 780 with stop below 620 on daily closing basis.
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