Natco Pharma - Bearish bias - Short at current levels.
SL compulsory c wave may end near 500
NATCO PHARMA followed a nice ascending triangle. The 4hr & Daily candle closed on the ascending triangle. Natco looks bearish on MACD on all time frames . Natco should test its 200 MA around 539 . Various support levels are mentioned on the chart .
Low debt company; Possibility of multiple wave uptrend in another 1 year. short term target 625 and pull back entry at 575 with SL of 2 to 5% and target of 7 to 10% in next 3 months. SL compulsory and wait for pull back always
Natco pharma : buyers active at support zone. Stock may lead rally in pharam sector
Touched 365 DEMA...and above Demand Zone Type 3 Entry