Natco Pharma Ltd given a good rectangular breakout with a good volumes can keep in track/ on radar for this week good for swing trade Ask your financial advisor before buying only for educational purposes
Its fundamentals have been very impressive in March Quarter'23. It's long trade.
This idea is only for educational purposes Turnaround is happening in the company ( Added fundamental and technical ). i) Recently company received approval for the cancer medicine ii) Latest quarter's profit increased 5 times the previous quarter iii) Promoter, FII, and DII increased the stock holding iv) Technical points a) Above 3o weeks ema ...
NSE: NATCOPHARM is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12%...
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
I feel this time Natco pharma is going to break the down trend. Worst case it can take another support near the SL area. Fingers crossed!
In the Weekly Chart of NATCOPHARM, we can see that, it is showing upward momentum in W Pattern. Let it retest and then Enter with SL.
NSE:NATCOPHARM has been sustained above major resistance of 570. Best entry level is 570 with stop loss of 540 (-30 Points). My expected target will be 585 & 631 (+61 Points) which could be a low risk high reward idea. Note: This is my personal analysis, only for learning. Thanks.
The stock is forming a CYPHER pattern......Pattern completion is at 575 level....be ready to buy when it reaches there...
Harmonic pattern+ RSI DIVERGENCE CONFIRMATION (###technical confirmation##) 640 above entry 750 Target(18%) 580 stop loss(9%) Risk reward - 1/2 Check your self then trade.
View-Bearish Sell below 600 Rsi < 40 Adx rising sl=5%
Positional trade Buy above 1012 Targets 1050/1100 and above Sl 990
Natco pharma on monthly breakout levels defined for targets exit at your convenience
1)Daily Time Frame and Weekly Time Frame Closing are Bullish 2)5 more Days for Earnings 3)Balance sheet is good 4)Fundamentally strong, Technically is going strong Disclaimer : Just for education Purpose. Thanks Happy Trading :)
Fundamentally a very sound pharma company which works very differently from generic pharma. Future is very bright and is awaiting one big USFDA approval. The stock could potentially breakout of of a C&H formation above 1000. SL at 10% as i believe this stock deserves a chance to run. Target open. The only hitch is i am not expecting a great Q4 result from...
As per Technical view we can see upside if closed above 985 in weekly candle With 6-7% Strict stop loss