Wockhardt triggered a Support Reclaim Insight yesterday
and the move has played out strongly, with the stock rallying 15%+ intraday at its peak today.
Check out the data behind the setup:
• 8 occurrences in last 2 years
• ~83% win rate
• Avg move: ~7.13% in ~10 days
• Backtested TP: ~8.22% | SL: ~4.08%
This is exactly the kind of move where price reclaims a key level, sentiment flips and then momentum follows quickly.
Now the key question is:
After a 15% spike, does this still have continuation potential, or are we looking at short-term exhaustion / profit booking next?