NATCOPHARM trade ideas
NATCO LongYeah I know I am not that great in classical analysis, but this stocks look bullish above 600 on closing basis towards 645/85 levels.
Thank you.
Natco pharma trend reversalNatco pharma is in a consolidation mode for quite a long time.
- The williams vix-fix suggests the bottom is made and vix is easing, indicating consolidation/moving up.
- The trend indicator, slowly bullishness is emerging. So closing above 200 DMA (790 level) will be bullish. It could test 840s if 790 is broken out. Monday is result day.
Natco Pharma - Possible trend reversalNatco Pharma - Possible trend reversal after a brief period of consolidation
Natco Pharma Results Compression Bet - Investment IdeaFundamentally
Posted amazing results. Not appreciated and forward factored while outlook remains same.
Technically
It is at swing low with amazing risk to reward.
Natco Pharma - Bullish Harmonic SetupNSE:NATCOPHARM has formed Bullish harmonic setup.
Go long above 792.65
T1 - 802.30
T2 - 820.95
SL - 774.90
NATCOPHARM Buy SetupNatco Pharma has tested the support level of 790-800 and now managed to break resistance of 830
Close above 832 will take it to 850 and 900 levels quickly
Overall Pharma sector is looking very bullish that would also support the idea
Please follow the Fib levels for Support & Resistance and trade accordingly
Buy NATCOPHARM Last week it has formed Hammer pattern, currently the stock price has sharp up move after that hammer pattern.
It appears to be reversal pattern.
CMP is near breakout area if you see the white line on the chart which indicates that breakout can be expected next week.
Price is holding 100 period EMA.
14 Period RSI is also facing up above 50 levels.
I might give good up move till 915/1005.
(Time limit 1-2 months)
Buy @ 840 for the target of 915/1005 with SL @ 750
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Natco Pharma : Will be on Action Soon !!!Dear All , Everything is mentioned Over the Chart ... Good Luck !!! {On Query of @samyr99}
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- a long term investment betFundamentally a strong company. shall be invested with a long term view. shall see 1050 in near term and might be a 2x candidate if held patiently for a couple of years.
happy investing.
The Complex Company-NATCO PHARMAdisclaimer... not invested, no plans there of... this is not an investing/trading advice
