I like what it is doing here! After sucking out all the weaker hands in the stock especially Gap chasers, all weak hands seem to have exited the stock and now it is time for the big players to start moving the stock upwards! Good strength can be expected going ahead!
NATCO PHARMA is moving in a symmetric triangle/wedge, price action separated distinctly by a median.
Its in a consolidation afetr a long leg up. So its a flag on higher timeframe
. Currently on the median again, for a breakout /reversal.
Fundamentals-
1)Excellent company with excellent fundamentals.
2)Expanding at very high rate. around 20% YoY basis.
3)Excellent numbers like operating profit, very good valuation with peers within the sector.
4)Awesome sales and profit figures.
5) Recently entered into the the medicines for Oncology
6)One of the very few pharmaceutical companies to manufacture...
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
