WOCKPHARMA | Strong 200 EMA Support – Bounce Trade Setup Active

🧠 Analysis Summary:
The stock has bounced from 200 EMA support (~₹1,200) multiple times historically.

Current price action shows a bullish candle forming near this key level.

This setup has offered 2X+ gains in past instances.

🔍 Key Levels:
Action Price
CMP ₹1,251.60
Entry Zone ₹1,210–₹1,230
Stop Loss ₹1,170
Target 1 ₹1,350
Target 2 ₹1,400
200 EMA ₹1,200

🔄 Historical Bounces from 200 EMA:
📍 Aug 2024 – Bounce from ₹700 to ₹1,400+

📍 Oct 2024 – Bounce from ₹850 to ₹1,200+

📍 Mar 2025 – Bounce from ₹1,170 to ₹1,350

📍 May 2025 – Current bounce initiated

⚠️ Risk Note:
Break below ₹1,170 may invalidate this setup. Keep SL tight.

🧾 Disclaimer:
This is not investment advice. Always do your own research or consult a financial advisor before taking any position.