NATCOPHARM | Excellent Flag setupNATCOPHARM | Excellent Flag setup
CMP : 654 (Dip : 620)
SL : 610
Target : 770
NATCOPHARM trade ideas
SWING TRADE - NATCO PHARMA LTD- R:R @ 1:2Potential Opportunity as Swing Trade in NSE:NATCOPHARM
Risk : Reward - 1:2
ENTRY - 928.00
TARGET - 1006.00
STOP LOSS - 889.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #natcopharma #nifty50 # #priceaction #consolidationzone #trendline #re-test # retracement #bullish #riskrewardratio
Price moves under the Upward parallel channel at NATCOPHARMPrice moves under the Upward parallel channel at NATCOPHARM
BSE: 524816
NSE : NATCOPHARM
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Supply zone and Bearish DivergenceThis post is only for knowledge purpose. Kindly do your own analysis before taking any trade.
Price is trading near supply zone, RSI showing overbought and we can see bearish divergence as well i.e. 3 Confirmations.
One can take short trade using bearish candlestick pattern.
Target : 630
Natco Pharma - Bottoming OutPotentially the stock has bottomed out..the management has guided for big earnings going ahead and actively looking for an acquisition based off those earnings.
Technically the stock has been consolidating in the 625-650 range and now there is a double divergence on the RSI as well. The stock is also as close to a channel bottom as possible
Long at current prices with stploss below 600.
Natco Pharma - Channel BottomA stock thats going thru a large transformation and has faced a lot of headwinds over the last 1 year.
The worst for the stock could now be over.
Long at current price or as close to 650 as possible. 640 is the channel bottom and can be treated as a stoploss for this trade.
Beyond being at the channel bottom the stock also has a positive RSI divergence and could see a nice bounce from here.
So to sum it up..Long in parts between current price and 650 with a stoploss below 640/635.
