Natco : Weaker forecast hitting it hard technically
- Q3 results were out Yesterday, and were week with significant weaker forecast !
- Technically, Natco Pharma should test it’s quarterly + monthly demand area of 800 - 740, and go in time correction thereafter with minor bounce
- On any bounce, 1200 - 1300 is going to act as very strong resistance in the stock & cap upside.
- What works for Natco is the cheap valuation vs its historical average, BUT unless forecasts improve, it may not find many takers
#stoxsense #sudhir #natcopharma
- Technically, Natco Pharma should test it’s quarterly + monthly demand area of 800 - 740, and go in time correction thereafter with minor bounce
- On any bounce, 1200 - 1300 is going to act as very strong resistance in the stock & cap upside.
- What works for Natco is the cheap valuation vs its historical average, BUT unless forecasts improve, it may not find many takers
#stoxsense #sudhir #natcopharma
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.