WOCKPHARMA – Falling Wedge Breakout Watch!

📊 WOCKPHARMA – Falling Wedge Breakout Watch!

📌 CMP: ₹1,739.50

📈 Structure: Falling Wedge forming after sharp uptrend

🟩 Price Action: Price compressing with narrowing range – bullish setup

📊 Volume: 447K (with prior volume spike of 1.54M on rally)

🔼 Breakout Candle: Not yet triggered – watch for breakout above ₹1,775

📍 Support: ₹1,675–1,690 zone

🎯 Target Zone: ₹1,950–2,100 (based on wedge pole projection)

🛑 Stop-Loss: ₹1,675 (wedge support or recent swing low)

🔍 Highlights:

- Classic bullish continuation pattern post strong momentum run
- Falling wedge often precedes explosive upmoves
- Volume contraction inside wedge is ideal – big players waiting
- Recent green candles showing buyer presence near support

📢 Best for breakout traders watching for a wedge resolution with strong volume.