Natco Pharma on Resistance lineNatco Pharma is near the resistance line and if it breaks then we can see an uptrend. Until it crosses it will be downtrend.
NATCOPHARM trade ideas
NACTOPHARAMSTOCK OF THE WEEK :
NACTO PHARMA- looks good volume can be seen coming in ..
looks at cmp and can be bought. and sl should be below the trend line.
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Natco pharma buy@475-470, (for longtime) SL-400Natco pharma buy@475-470, (for longtime)
SL-400
for longtime harmonic pattern.
BuyBuy Natco 622 SL 613.5 tgt 647- 670
Disc : It's not an investment advise to buy or sell. Do you research
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 BECOMES A BUY @ 574Stock completes CYPHER pattern at 574 at the base of the yellow channel.....
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.
Natcopharma -Price reacted from monthly demand zoneNatcopharma analysis for long term.
1. Price came from all time high
2. Price got support from Monthly demand zone.
3. On daily time frame all supply are tested
except one 1049-1014
4. Waiting some formation to get entry
5. Target New all time high
natcopharma chart analysisone can go long
points
1. Rsi is taking support on 40 levels
2. Price is also getting support on the levels
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.
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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Disclaimer- We are not SEBI registered advisor.
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
