-------- Forwarded Message --------
Subject: Wockhardt: Q1 Result Abv Estimates---Sustaining Above 1625 TGT
May Be 1800-2000-2250--But Has To Be US/UK Compliant
Date: Tue, 11 Aug 2015 09:12:10 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
To: undisclosed-recipients:;
_*Technical Analysis:*_
Looking at the chart, Wockhardt (CMP:1652) has to sustain above
1625-1640 for an immediate to short term target of 1660-1685-1705-1726 &
1765. Only consecutive closing above 1765, it may target
1815-1860-1925-2000 & 2166-2200-2250 in the mid to long term (bullish
case scenario).
On the flip side, inability to sustain above 1625 may drag it to
1610-1599 and sustaining below that it may further fall to
1585-1562-1549-1535-1518-1503 zone. Consecutive closing below 1503, it
may further crash to 1485-1450-1401-1386 zone in the near term ( bear
case scenario).
_*Technical Trading Levels (Positional):*_
SL</>10 FROM SLR
WOCKPHM CMP 1652
T1 T2 T3 T4 T5 T6 T7 SLR
Strong > 1625
1640-60* 1685 1705-26* 1765 1815 1860 1925-2000
<1610
Weak < 1610
1599-85* 1562-49 1535-18 1503* 1485 1450
1401-1385 >1625
_*Some Inputs:*_
Q1FY16 result of Wockhardt is by & large above street estimates due to
low base effect and better domestic operations but going forward it has
to be compliant with US/UK FDA regulatory environment, which may be
quite challenging. So, it will be a high risk play in Wockhardt.
_*Techno Funda Valuation As Par BG Metrics(Modified):*_
Current median valuation : 1385
Projected fair valuations: 1700-1975-2250 (FY:16-18)
SCRIP EPS(TTM) BV(Act) P/E(AVG) LONG TERM SHORT TERM MEDIAN
VALUE 200-DEMA 10-DEMA
WOCKPHARMA 36.65 333.79 36.4 1329.44 1443.82 1386.63 1324.84
1562.62
WOCKPHARMA 54.45 382.25 36.4 1620.43 1759.85 1690.14 1324.84
1562.62
WOCKPHARMA 73.85 437.75 36.4 1887.16 2049.52 1968.34 1324.84
1562.62
WOCKPHARMA 96.5 501.25 36.4 2157.23 2342.83 2250.03
1324.84 1562.62
_*Technical Charts:*_
<http://2.bp.blogspot.com/-TrJ6wzrhwVk/VclsRt62w_I/AAAAAAAADtc/BsWWArNUTbs/s1600/WOCK-10-08-2015.png>
<http://1.bp.blogspot.com/-S-10ET6Fwvw/VclsT1yNJkI/AAAAAAAADtk/zxDdj7Umw6Q/s1600/WOCK-FIBB-10-08-2015.png>
<http://2.bp.blogspot.com/-FvtzV3wNvw4/VclsVolMPJI/AAAAAAAADts/2xx4DzWTC90/s1600/WOCK-WK-10-08-2015.png>
<http://2.bp.blogspot.com/-KqfRLkjO54w/VclsXASFecI/AAAAAAAADt0/2DEt08RlMFU/s1600/WOCK-TL-10-08-2015.png>
<http://1.bp.blogspot.com/-lERqTjtKSUw/Vclsapf65fI/AAAAAAAADt8/t0YoNSDCovM/s1600/WOCK-PATTERN-10-08-2015.png>
<http://4.bp.blogspot.com/-WKVN4bBvfNc/VclseGpYj9I/AAAAAAAADuE/bs87RVEbjQU/s1600/WOCK-TL-RSI-10-08-2015.png>
--
Thanks & Regards,
Asis Ghosh
NCFM-TA Certified
(asisghosh.blogspot.com)
--
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