rk10

Natco Pharma - Key support level

NSE:NATCOPHARM   NATCO PHARMA LTD
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After breaking out of a long term pattern..the stock went into a consolidation and now is at a key support level between here and 985.
IF the stock doesn't bounce it could fall a lot more since the last couple results have not been good..
Ideally i'd love for that to happen so I could add the stock for cheap...I'd love to see 750 here atleast...

So if you own the stock watch for the breakdown in this counter below 985.
First target below 985 would be 944 (200EMA) and then much lower.

It could bounce at any of these levels so if it bounces it could be a long.. (Long term this is an EXCELLENT COMPANY)

For those who are into SIPing into stocks, this would be one of the stocks to SIP for the next 12-18 months.

Comments

Great Rohit.. Will wait to grab around 750 - 800.
Thank you for giving chart reading hints in between appreciate your work.
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rk10 Shankarshanmuga
@Shankarshanmuga, If funds allow it, so far they are supporting these levels
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