NSE:NATCOPHARM
cmp 1026
breakout happened at 930 zone
now heading towards 1200 and beyond
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and...
NSE: NATCOPHARM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 18%...
Disclaimer - This is not a Stock recommendation.
Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason.
It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
Natco pharma has broken out from a flag pattern on the daily timeframe with the next resistance at 770. Technically this is a buy signal with the stop below the day's low.
a reversal can be seen in Natco Pharma, after falling for many months Natco Pharma has formed a cup and handle pattern which can be seen in the charts, it can easily give targets of 750!!
and if it goes beyond many more targets can be unlocked :)
Natco Pharma near its long term support of the range 470-500.
Per the chart pattern expecting some upmove in near term.If sustains the possible for 680-780 levels. Need volume to reach those levels.
No recommendations, just my view based on the chart.
There 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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
NSE:NATCOPHARM
Observations well explained on the Chart.
I see a huge upside in Natco Pharma.
The simple Cup and Handle formation is in the process.
Hope to see it does what I made in the chart.
Predictions are merely for education purposes.
