Swing Opportunity in Natco Pharma
Go Long above 877.1 for Targets of 919.2, 961.3, and 1003.4 with SL 835
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
3. In addition to this the stock gave Trendline breakout.
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
3. In addition to this the stock gave Trendline breakout.
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