Shardul Kulkarni of Angel Broking told CNBC-TV18, "Wockhardt has given a very strong head and shoulder breakdown and further downside is very much possible in this stock."
He further added, "As an investors selling Wockhardt at current levels, I do not think that, it would be a prudent decision. Just wait for some bit of a bounce, probably to around Rs 1,620-1,630. The reaction has been very strong. You are already seeing the stock down from around Rs 1,900 to Rs 1,400-1,450 in the last four-five odd sessions. So some bounce is possible and I think it makes a lot of sense to sell in that particular bounce."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
