Currently testing weekly demand order-block & oversold on RSI. Please note this is a contrarian trade, not unlike most of the posts in my profile. Please manage your risks well.
Place your stops at 489-493.
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.