Natco pharma is in a consolidation mode for quite a long time.
- The williams vix-fix suggests the bottom is made and vix is easing, indicating consolidation/moving up.
- The trend indicator, slowly bullishness is emerging. So closing above 200 DMA (790 level) will be bullish. It could test 840s if 790 is broken out. Monday is result day.
Natco Pharma has tested the support level of 790-800 and now managed to break resistance of 830
Close above 832 will take it to 850 and 900 levels quickly
Overall Pharma sector is looking very bullish that would also support the idea
Please follow the Fib levels for Support & Resistance and trade accordingly