WOCKHARDT PHARMA : TTO saw it coming - Part 2

Update March 11,2015 :
Wockhardt Pharma trading at Rs 1,807.

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Wockhardt has been climbing vertically from its lows in a U shaped pattern as seen in the following weekly chart  and is almost certain to touch its previous high of Rs. 2000.

We had in our earlier post of April 2014 predicted  Wockhardt as a good medium and ling term investment. Since than the scrip has moved four fold to reach Rs. 1660 and is poised to touch Rs. 2000 in the next few weeks.

See our earlier posts :

Wockhardt - Bullish Alignment

Wockhardt  is up 9% today at Rs. 707 at the time of writing this post. The stock has developed a healthy synchronised bullish alignment, which is pushing the stock up. The stock is likely to move up rapidly to achieve higher targets in near future.

We had in our earlier post dated   April 2nd,2014  titled WOCKHARDT: This isn't Magic, TTO saw it coming   and even  earlier    predicted Wockhardt as a good investment candidate for medium and long term. The stock had corrected from its highs of Rs. 2000 to Rs. 352 and a new upmove was in the offing. The stock is poised to retest the old highs of 2013.

WOCKHARDT : This isn't magic, TTO saw it coming

Wockhardt (NSE:WOCKPHARMA) jumped 20% today and was frozen at the upper circuit. TTO anticipated the  move well in advance, as the scrip had bottomed out on the weekly charts and was poised for an upmove.

In the following chart ,exactly 15 days back we discussed investing in Wockhardt in our research paper "What is Triple Trend Oscillator" under Medium and Long Term Investing.  The hourly trend had moved up above the daily trend in the weekly chart thereby confirming a reversal.

Wockhardt example in our Research Paper

The following is the updated weekly chart of Wockhardt as on  April 2, 2014.