Natco Pharma is clearly oversold ( RSI < 30 and continuously near lower Bollinger Band) and is near the support line. Stock could bounce up in next couple of days.
Formation of Head and Shoulders Reversal Pattern as well as Descending Triangle seems to indicate bearish move on the stock. Volumes not giving a clear indication though.
Disclaimer: I am still learning Technical Analysis and am trying to apply the concepts learned.
