NATCO-Bulls take overA base appears to be in place.Divergence with RSI adds to the positive bias.
On the weekly there is a Cup and Handle formation adding to the view on an upside.
1250 is the first level to look for.
NATCOPHARM trade ideas
Natcopharma LongNatcopharma Long
Crossed strong resistance and all moving averages
RSI-67
Buy at CMP- 920
SL- 889
Target- 957, 992, 1032
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Charts and views are only for educational purpose.
NATCOPHARMAOnce the level of 930 is broken, long can be initiated and it can give good upside as pharma is expected to outperform.
SL can be kept as 3%
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
Swing Opportunity in Natco PharmaGo Long above 877.1 for Targets of 919.2, 961.3, and 1003.4 with SL 835
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
3. In addition to this the stock gave Trendline breakout.
NATCOPHARMANATCOPHARMA is at major support level of 880 to 870 on daily basis chart for swing one can buy ABV 900 for safe trading for the target of 1045 followed by 1200 which is mentioned in chart SL is mentioned in chart.
NATCOPHARM:ICMC #Beach Trade Buy>940 Close Targets 970/1005ICMC Reversal Trade Setup
A close above 940 could see targets of 970/1005
Natco Pharma closing above 20 days moving averageIn yesterday trade Natco Pharma closed above 20 days moving average & stock is in up trend.
Stock can potentially go till its immediate resistance level 1040. NSE:NATCOPHARM
Narco Drugs Falling channel breakout. Interesting to watch. Volumes building. In the future it will do what Laurus did in the past. Hold on to the rocket.
#Natcopharma cash : Looks good above 990.10 and 1010.10#Natcopharma cash -Positional call
02.09.2021
Looks good above 990.10
& add more above 1010.10
For 1040/1100
stoploss 960
Cmp 979.90
Gap coverring and reversal NATCOPHARMCompany : NATCOPHARM
Entry Price : 1042.35
Stoploss : 938
Target 1 : 1146
Target 2 : 1198
Watch for Breakdown or Reversal | NATCOPHARMAWatch for Breakdown or Reversal from Important support & resistance zone. 5/20 EMA crossover can be used for reversal confirmation
Natco Pharma - Key support levelAfter breaking out of a long term pattern..the stock went into a consolidation and now is at a key support level between here and 985.
IF the stock doesn't bounce it could fall a lot more since the last couple results have not been good..
Ideally i'd love for that to happen so I could add the stock for cheap...I'd love to see 750 here atleast...
So if you own the stock watch for the breakdown in this counter below 985.
First target below 985 would be 944 (200EMA) and then much lower.
It could bounce at any of these levels so if it bounces it could be a long.. (Long term this is an EXCELLENT COMPANY)
For those who are into SIPing into stocks, this would be one of the stocks to SIP for the next 12-18 months.
Natco Pharma - if you cant make it copy it (revlimid) if you cant make it copy it (revlimid)
a very wise person once said this
this idea just follows the trend
buy levels present on the chart good luck.
