The stock has been consolidating for 2.5 months, forming higher lows along the way. This could be a sign of a big move coming up!
#NATCO #StockMarket #Breakout #TechnicalAnalysis
This is for informational purposes only and should not be considered a buy recommendation.
Explaining the current impasse in fibonacci terms:
> In the previous upmove 0.618 was the resistance from which share price retreated despite blockbuster earnings coinciding with a slew of negative news..
> After finally exploding through 0.618 level, the next logical resistance level of 0.786 is the new barrier.... Once it overcomes this resistance it may...
📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -NATCO-PHARMA-
• Potential Breakout Chart
• VCP Pattern ...
Natco Pharma LTD analysis on 30 Mar 24
Fundamentally Analysis
Good fundamental stock
promoter holding 49%
FII holding 13.72%
less debt than the reserve
debt 247 cr
Reserve 5257 cr
stock PE is less than industry PE
Overall all time PE 20.9
Stock PE 14.1
Industry PE 32
Technical Analysis
Formation of Head & Shoulder
breakout after Aug 2021 @ 900
breakout and...
Trade Targets for Financial Year 2024 - 2025
1. Rs. 1,354/- being Inverse Head & Shoulder target. Breakout and retest done, trade idea is active.
2. Rs. 1,678/- being the parallel channel breakout target. Idea will be active on stock price closing above ATH.
Stop loss will be close below 928.
Disclaimer: I am fully invested in this one and cautiously...
Hello Trading community and my friends so as we all know that our Trading it should must contains some logics based on price action, indicators and trading strategies etcetera so i find out here some logics for my upcoming trade in Natco pharma sharing with all of you hope all of you like it.
So as we can see on provided daily chart that price gives a very...
Hello everyone👏
Happy Holi to everyone..
Today there is a breakout stock for technical analysis.. 👇
Let's do multitimeframe analysis
** In monthly chart price is again at the level to move forward positive direction..
** On chart is a double bottom ( W pattern) momentum upside
** Rsi also coming in bullish territory... Plus price also making HH & HL
**...
FOR LEARNING PURPOSE
NATCO PHARMA- I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it is retesting that breakout zone of last 2Y
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is...
Natco Pharma - Long
As of today, it is a good stock for long-term.
BUY & ACCUMULATE ON DIPS – FOR LONG-TERM : 927.65 – 972.85
Target 1: 1108.00
Minor Support: 927.65
Major Support: 825.70
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like...
The stock has formed a beautiful cup and handle pattern on daily timeframe and has given a successful breakout from the same supported by the volumes as well moreover the stock is on its way to retest the crucial resistance zone which was 924 levels , in near term the stock can fall till 924 and reaching that levels would be a great time to buy also the stock has...
The problem with stocks that have large potential runways is that you never know when to begin riding it to milk the maximum profits of the trade..
for Natco to deliver in 2024 it has three problems and by early February of 2024 we should get past all of them...
the API plant in Manali, Chennai should be able to restart operations,
the final USFDA conclusion on...
February 2024 is the month of volatility and true to form even technical resistance lines are hovering above .. the final decision of the usfda over the kothur plant inspection will be out and the q3 expected blip in the results due to the accounting policy of the booking sales and profit share of gRevlimid drug .. Meanwhile the API plant in Manali, Chennai...
NATCOPHARM
is Strong Performer development focused pharmaceutical company , today break 52w high with High volumes + high gain recorded .
This is my favorite chart pattern like "Cup and Handle " which is almost 80% successfully my side i believe on that for reached my targets' .
below some points of study for you like this ))-
Annual Revenue...
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:NATCOPHARM
MACD already gave Positive crossover on Daily, weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
HIT THE ROCKET BUTTON IF YOU LIKE TO BOOST THE IDEA.
Risk...
Double bottom pattern is progressing in NATCOPHARM. There may be breakout soon. The Stock PE is half of Industry PE. Volume is gradually increasing. Monthly resistance has also been broken.
