Get started
Stock-n-Shine

NATCOPHARM - CUP AND HANDLE FORMATION (BO FROM SUPPLY ZONE)

Long
NATCO PHARMA LTD (NSE:NATCOPHARM)  
Stock-n-Shine  
NSE:NATCOPHARM   NATCO PHARMA LTD
Cup And Handle Support and Resistance Supply and Demand Supply Zone supplyandemandzones supply_and_demand supplydemandanalytics supportandresistancezones cupandhandlepattern cupnhandle cupandhandlebreakout cupwithahandle
10
2
cupandhandle supportandresistance supplyanddemand supplyzone supplyandemandzones supply_and_demand supplydemandanalytics supportandresistancezones cupandhandlepattern cupnhandle cupandhandlebreakout cupwithahandle
Hi All,

This idea is about Natco Pharma

Fundamentals

Market Cap - 21712 Cr
Stock PE - 15
ROE - 25.9%
ROCE - 30%
Promoter Holding - 49.7
Quick Ratio - 3.42
D/E - 0.06

NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.

Technicals

Since May 21, NATCO has formed a complete CUP and HANDLE formation on weekly chart and has now sustained the breakout for over 2 weeks. The earlier supply zone is now acting as demand zone indicating positive price action.

This is for mid/long term investors only

Hope you enjoy the idea,

Happy Trading,

Thanks,
Stock-n-Shine
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.