disclaimer... not invested, no plans there of... this is not an investing/trading advice
Stock has corrected 30% from recent tops and has come to key support levels on trend line. Chart is weekly. Target - 5-7% from CMP. Stop 750
NATCO is moving in a flat top tringle for a while. currently on the edge awaiting a breakout/reversal
I 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!
Natco Pharma at Trendline Support. Risk Takers can buy now with SL of close below 870. Good up move will come on close above 940
NATCO 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.
NATCOPHARM is moving in the channels, currently in a mini breakout/reversal zone. Also its an inverted flag
NATCOPHARM is moving in a down channel making higher_lows and lower_lows.
Fundamentals- 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...
Support Areas for investors of Natco Pharma. Traders buy at CMP 897 with Small SL 870 Target 940/970/1000
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.