NATCOPHARM trade ideas
NATCOPHARM - GO LONGBreakout happened above 9 month resistance zone with good volume
Refer chart for levels
Multiple Chart patterns Breakout at a Time* Multiple Chart patterns Breakout at a Time ( Inverted Head & Shoulder, Cup & Handle, Rectangle and Symmetrical Triangle chart pattern ) gives more confidence in upside .
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
Considering all technical evidences we may see good up move in NATCO PHARMA
NATCOPHARMA :WONDERFUL PATTERN ON WEEKLYNote:
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Natco Pharma Cmp 991 dated 21.5.2021Natco Pharma Cmp 991 dated 21.5.2021
1. Inverted H&S on chart.
2. Volume break out, high volume.
Buy for a tgt 1090 SL 925
It is just a view, pls trade at your own risk.
Video Analysis of Natco Pharma. buying at these levelsVideo Analysis of Natco Pharma. buying at these levels
NATCO pharma good breakout ,enter only around 960-950 SL 935 DCBNATCO pharma good breakout ,enter only around 960-950 SL 935 DCB
Watchout for trendline breakoutThe stock looks good above 996 (1000 better) for swing target of 1090
Natco Pharma 1h time frameNatco Pharma has been consolidating at the resistance for quite some time, the MACD does not show much strength right now. Keep a watch on the demand and resistance break or short your position.
Trade Wisely...
Natco Pharma Bullish BiasCan be bought now or
when it breaks out the resistance levels
SL 750 level
Target is huge
NATCO PHARMASTOCK HAS CROSSED AND CLOSE ABOVE 50 AND 200 DMA WITH HEAVY VOLUME . TARGET UPTO 970 SL IS 860.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Natco Pharma 4 yr BONatco is looking poised for an Inverted H&S Breakout.
We are seeing red candles near BO, but very little down moves (which is a fairly positive signal).
Will move strongly once Pharma sector starts moving up.
Take a test entry and watch out for a strong closing
in the 950-1000 zone, then add to your position.
SL: 865 (on closing basis)
NATCOPHARM for long (Only for educational purpose)If break the channel pattern can be expected to go up.
Pattern Formation on Chart of Natco Pharma! Upside PotentialNSE:NATCOPHARM
Observations well explained on the Chart.
I see a huge upside in Natco Pharma.
The simple Cup and Handle formation is in the process.
Hope to see it does what I made in the chart.
Predictions are merely for education purposes.
Double Bottom patternThe stock is making a double bottom pattern and looks good above 916 level. There is slight resistance at 930
