Wockhardt: Analysis of news alert and 15-minutes built-up screen

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Wockhardt was in action on Monday after the drug maker said the US health regulator agreed to abridged clinical trials for antibiotic being developed by the company. Wockhardt recorded a jump of 6.46 percent in share price on Monday.

The company is developing superdrug antibiotic WCK 5222. The drug is expected to be a life-saving therapy for serious hospital acquired infections. The aforesaid US FDA approval will help Wockhardt to speed up phase III clinical trials for the drug.

News Alert:
Heckyl news engine captured company notification regarding US FDA approval immediately from the stock exchange. Our news engine issued first alert, picked from the BSE, at 11:10 am on April 3. Soon after the company announcement, the stock moved up nearly 2 percent.

Our system captured tweet regarding the US FDA approval at 11:14 am ahead of mainstream media. News alerts from mainstream media came after 11:45 am. 

Wockhardt_03-04-2017_10
[Image 1: Trending News]

Wockhardt_03-04-2017_9
[Image 2: Streaming News]

Sentiment Score:
Positive update on Wockhardt also boosted sentiment score on April 3. Heckyl sentiment score for the drug maker increased to 37 on Monday from 0 on the previous day.

Wockhardt_03-04-2017_6[Image 3: Sentiment Movement]

15-minutes built-up screen:

Soon after the announcement, Wockhardt witnessed long built-up for 11 am to 11:15 am interval (Refer below image 4 for 15-minutes built-up screen). The stock recorded surge in fresh long positions and volume of traded contracts.

Later, the drug maker witnessed 3 long built-ups with higher fresh positions and volumes between 11:30 am to 12:15 pm, signaling uptrend for the stock may continue. In all, the stock registered long built-up for 14 intervals out of 25 intervals in a day.

A series of long built-ups along with rise in fresh positions and higher volumes signaled underlying strength for upward movement in the price.

Wockhardt_03-04-2017_1
[Image 4: 15-Minutes Built-up Screen]

Post Heckyl news alert, a day trader could have confirmed price trend by looking at 15-minutes built-up screen.

Based on the overall positive sentiment for Wockhardt, a day trader could have initiated long position in the stock futures around 12:15 pm. He could have opened long position around Rs 745 and then covered it towards day’s closing at around Rs 765.

By going long on Wockhardt futures, a trader could have made a profit of Rs 20 per unit, or Rs 12,000 on one lot of 600 units of underlying stock.

Entry
[Image 5: Share Price Chart]

The Bottom-line:

Using Heckyl news analytics, a day trader can easily spot new trading ideas. He can also confirm price trend using 15-minutes built-up screen and then implement his long or short trading strategies.

Finally, a trader can exit the trade profitably by combining the power of Heckyl news analytics and 15-minutes built-up screen.

To know more about Heckyl’s News and FNO Analytics, email us at info@heckyl.com

2 thoughts on “Wockhardt: Analysis of news alert and 15-minutes built-up screen

    Mr. Prakash Joshi. said:
    April 25, 2017 at 2:27 pm

    Hello,
    All the “Products” described on your BLOG from time to time whether available for price to retail customers directly or only thru stock brokers like Edelweiss etc.?

    Like

      sourabhheckyl responded:
      April 25, 2017 at 2:58 pm

      Dear Mr. Prakash Joshi,

      We are Business-to-Business company. We do not offer our products directly to retail investors. You can access our platform only through select stock brokers.

      Thank you!

      Regards,
      Team Heckyl

      Like

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