natco pharma- a long term investment bet

Fundamentally a strong company. shall be invested with a long term view. shall see 1050 in near term and might be a 2x candidate if held patiently for a couple of years.

happy investing.

Trade active:

Held strong till 700 and never closed below. Investors may add/hold on.

Comment:

From the low of 700 to 818 today is a good 16% appreciation already. Significance of crucial support and resistance levels.

now the dotted line will itself act as the resistance(earstwhile support). Shall close above this line(red dotted) for a few days in a rowin order to march ahead. Lets see how it goes.