Munchkunster

#NATCOPHARMA .. My view on today's 7% fall

Long
NSE:NATCOPHARM   NATCO PHARMA LTD
There was a price fall in NATCOPHARMA stock because of Delhi HC decision to allow FMC corporation's application today..
Upon request from Mr Ved Patel I did the technical analysis of the price and found that there was a decline but the price respected crucial levels and stayed above it..That means bears are still wary of selling this stock as the indications are very bullish ...

If price breaks support level tomorrow then price may decline further..
See the chart