NATCOPHARM
#NATCOPHARMA .. My view on today's 7% fallThere was a price fall in NATCOPHARMA stock because of Delhi HC decision to allow FMC corporation's application today..
Upon request from Mr Ved Patel I did the technical analysis of the price and found that there was a decline but the price respected crucial levels and stayed above it..That means bears are still wary of selling this stock as the indications are very bullish...
If price breaks support level tomorrow then price may decline further..
See the chart
CUP AND HANDLE PATTERN IN NATCO PHARMABREAKOUT WITH VOLUME AND RSI
BUY ABOVE 1000
SL 950
TARGET 1250 , 1500
Natco Pharm : triangle breakout, good buy above 995Natco pharm gave breakout from triangle pattern on 07 Dec 2012
A good buy above 995 is recommended wsl 950 for the first target of 1051
Keep trailing SL if starts coming in our direction
watch for Trendline breakoutbuy above 860 in intraday for target of 880 and 890
avoid trade before 9:17
Natcopharm ShortI hope you can now see how the Natcopharm represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Natco Pharma , C and H !!!Cup and handle in formation , breaking 643 , will be look out zone . can follow on twitter for latest updates and pattern being posted !
CNX Pharma - Bull Run to startKeep Pharma stock on watch list.. coming out of consolidation after 5 years.
Natco Pharma U-Turn ViewNatco Pharma has under-performed for quite a while.
Aggressive Buy Above 555 and Hold with Stop 475 for 685
Conservative Buyers wait for Weekly Close above 611.5 to Start Investment.
Good stock in good condition!!!this stock is good condition then it's peers..
Natco is facing lot,s of Resistance and support as you can see on chart..
if you have already this stock.. hold this ...with a stoploss of 690.
And if you want to make a fresh position .. wait for the confirmation of ascending triangle pattern ( upside or downside we can find after confirmation ) .
comment your view..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
NATCO PHARMA Triangle BreakoutNATCO is moving in a flat top tringle for a while. currently on the edge awaiting a breakout/reversal
NATCOPHARMA WedgeNATCO PHARMA is moving in a symmetric triangle/wedge, price action separated distinctly by a median.
Its in a consolidation afetr a long leg up. So its a flag on higher timeframe
. Currently on the median again, for a breakout /reversal.
