Buy Wockhardt, target Rs 683: Abhishek Mondal

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26 Aug, 2025 12:21

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Abhishek MondalGuiness Securities

On the daily scale, Wockhardt has given breakout from symmetrical triangle pattern around 625-626 on Monday with moderate volumes.

Daily momentum indicator- Relative Strength index (RSI) reading at 63.15 level, showing positive momentum and MACD trading around zero line with positive crossover whereas OBV — On Balance Volume is showing an upward momentum and (+) DI trading above (-) DI, signaling strength in the stock.

Traders can buy the stock in the range of Rs 642-645 with a stop loss below Rs 619 (closing) for a target of Rs 683.

Disclaimer: The author is Research Analyst, Guiness Securities. The views and investment tips expressed by investment experts on Moneycontrol are his own, and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.