NATCO PHARMA Triangle BreakoutNATCO is moving in a flat top tringle for a while. currently on the edge awaiting a breakout/reversal
NATCOPHARM trade ideas
Natco PharmaI like what it is doing here! After sucking out all the weaker hands in the stock especially Gap chasers, all weak hands seem to have exited the stock and now it is time for the big players to start moving the stock upwards! Good strength can be expected going ahead!
NATCOPHARMNatco Pharma at Trendline Support.
Risk Takers can buy now with SL of close below 870.
Good up move will come on close above 940
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.
NATCOPHARMA ChannelsNATCOPHARM is moving in the channels, currently in a mini breakout/reversal zone.
Also its an inverted flag
Natco PharmaFundamentals-
1)Excellent company with excellent fundamentals.
2)Expanding at very high rate. around 20% YoY basis.
3)Excellent numbers like operating profit, very good valuation with peers within the sector.
4)Awesome sales and profit figures.
5) Recently entered into the the medicines for Oncology
6)One of the very few pharmaceutical companies to manufacture oncology medicines so will enjoy the special premium.
4)Company is reducing debt drastically.
Keynote-->Its a good stock that can be accumulated at every dip.It seems to be a bull stock.
CMP-814(23rd Feb'2017)
1st target-1000(6 months)
Disclaimer : I am a private trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
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Natco PharmaSupport Areas for investors of Natco Pharma.
Traders buy at CMP 897 with Small
SL 870
Target 940/970/1000
NATCO PHARMA
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
