Einstein15

NATCO PHARMA Triangle Breakout

NSE:NATCOPHARM   NATCO PHARMA LTD
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8
258 9
NATCO is moving in a flat top tringle for a while. currently on the edge awaiting a breakout/reversal
Jan 27
Comment: Another Setup. HIT THE PLAY BUTTON.!
After the choppy leg down its back on the edge for a possible reversal or a breakdown.
hello sir can you please update this chart
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Einstein15 samyr99
@samyr99, Seems like its making a flag and bouncing on and off the support/resistance lines
+1 Reply
samyr99 Einstein15
@Einstein15, thank you so much
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Thanks for your reply...Yes, already seen..but those are short term views.. I am suck in fut @680.. Is there any possibility of exiting in profit this expiry
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Einstein15 spmishra
@spmishra, Well, this is what i see from the chart.
A fallling wedge. If it holds theblue support level, 635/40, then it can complete the leg up in the wedge which is aroudn 685/690. If nifty continues to go up it cud pull Auro along with it. On the other hand breaking DOWN the wedge can triggers a big leg down.
Just my two cents.FOllow your own rules and wisdom.
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spmishra Einstein15
@Einstein15, Thanks for the nice chart.. I have done the avging @640...lets see till what level it will pull up.
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ANY view on Auro pharama plz..
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Einstein15 spmishra
@spmishra, For AUROPHARMA checkout the charts and videos of @AbhishekHSinghCMT. You'll be up for a treat.
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Einstein15 Einstein15
+1 Reply
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