Wockhardt Pharma Long setup in daily timeframe

Following points can be observed:

1. There has been an sharp increase in volume.
2. Script has broken 200ema on daily charts.
3. Trendline breakout seen and it's confirmation by gap up the next day.
4. Resistance near 507 area was breached intraday.
5. 50ema high low band crossover.

Stop loss: just below 200 ema.

Very favourable risk-reward setup.


Note: This is not a trading advice. Follow your own analysis.