Roller Coaster Day for Nifty, Closing will be very Important.Good Morning,
Get Ready for a Roller Coaster Day.
Just like we had stated in the earlier week, we did witness that the Market has been consolidating between the levels of 17700-17900.
In addition to which, however, the index managed to give a closing of above 17700, on the last trading day. Which, altogether was a good sign for the Market and its Participants.
So, for Today, it will be suggested to watch out for the closing of Nifty and to be Cautious as today will be a Roller Coaster Day.
Moreover, This week’s 8 ke Thaat includes the following 8 picks:
CASTROLIND, INDIACEM, NATCOPHARM, ZEEL, TATACHEM, SPARC, CANFINHOME and COROMANDEL.
Regards,
Alok Daiya
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
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.
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 ....