Natco Pharma- A beautiful pattern mirroring!This will remain as one of my most favourite idea if breakout goes successful.
Trade logic: An inverted head and shoulder breakout is on the cards.
The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed.
However, the stock again has created an inverted head and shoulder pattern with the same neckline in a much lesser time compared to previous pattern. (4 years then vs 2.5 years now)
Stock has cranked up its volume getting ready for a good breakout. Confirmation above 920.
I wont be surprised if this stock breaches ATH levels if the breakout is successful.
A good pharma stock from investment perspective as well. Keep in watchlist.
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