Rocky_Chow

Rocky_Chow

Natco Pharma is the weakest in the mid cap space down more than 55% from its recent ATH. Now that POTUS has given a 90 day pause on imposition of reciprocal tariffs and further Pharma continuing to be an exempt tariff import item some optimism can return to this counter. I would start my bullish targets first to 952 (T1) kind of levels before Q1 results and then...

Rocky_Chow

With the final appeal against SICC order overwhelmingly in its favour and the Dystar enbloc sale well underway, we can guesstimate that by the first half of this year Kiri is set to receive approximely Rs. 5500 crores gross against this long corporate battle against Senda for being subjected to minor shareholder cruelty in Dystar ... This amount is higher than...

Rocky_Chow

Natco is a buy on close above 1205 as it signals that it has overcome the 0.618 fibonacci retracement level and price above the 2021 highs forming a cup pattern... however the support line from 2023 could act as a resistance. The 1st target is 1876 However, all that was technical. Fundamentally, Natco is all poised to deliver its highest profits due to the...

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SAMHI seemed to have entered the party a little late with the big boys already enjoying rich valuations...much of what it got in the IPO went for debt cleanup and it still has a good pile of debt left relative to its maketcap. The biggest drawback of this company is that it does not have a promoter with skin in the game. Who but the MD calls the shots here?...

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Global geo politics is bound to keep oil prices and USD both from weakening relative to the Indian rupee and this augurs well for this little domestic crude producer. Oak Tree Capital & ICE Canyon Capital has taken over this company and since then company performance has changed phenomenally. A merger is on the cards with the parent Antelopus Energy, the arm...

Rocky_Chow Updated 

After correcting a fair bit from its recently made all time highs my favourite pharma stock has been going in a zig zag manner while fundamentally it recently sold certain non core assets for some 150 odd crores... so whats cooking, will it announce the first of its long awaited brownfield acquisitons? Anyhow, it has formed a symmetrical triangle and the same...

Rocky_Chow Updated 

I believe this is a good time to take position in Natco - parallel channel bottom has been made - fibonacci level bouncing in between 0.618 and 5 - price closing above red cloud as per ichimoku and retraced once.. the green cloud is visible at the end.. the signal seems loud enough to me

Rocky_Chow Updated 

A professionally managed, highly leveraged, growth oriented, asset heavy, recently listed domestic focused hospitality company, SAMHI enjoys high operating margins only to see its net profit dwindle due to depreciation and interest... company has some marquee investors like Madhusudan Kela, Govt of Singapore and looks to be undervalued relative to its...

Rocky_Chow

After the completion of the triangle target of 575 and being put in ASM I the stock has lost its momentum ...or one can say,it is digesting its gains....however line chart monthly basis shows that the stock is poised to break its range and range breakout, if it happens gives us 2 longer term targets, one the absolute value added to the range and second, the...

Rocky_Chow Updated 

Nov 12th is the date for appeal hearing..no wonder the chart is also resolving to break out by the same time.. the target is 575 my stop loss will be the price closing below the triangle body or if price fails to breakout by 13.11.2024, whichever happens earlier

Rocky_Chow

The blue trendline seems to be influencing the log chart in the longer term... It supported the price from 2014 to 2020 and the law of polarity came into effect once it broke in Jan of 2023 turning into resistance by Dec of the same year... Then there is the matter of the black trendline which has held court of resistance since 2021 having nixed 2 previous...

Rocky_Chow

Reasons to consider investment 1. Promoter group is going to subscribe to warrants that will take its shareholding up from 27% to 41% 2. Company is set to receive 5000 crores INR from a decade long legal battle with Longshen/Senda over its minority shareholding in Dystar. 3. Company is going to enter into an unrelated sector of copper rod mfg and fertilizer...

Rocky_Chow Updated 

COuld be a triangle in the making.. breakout max time and target max time in the chart with target in green.. if price closes below triangle body then its time to get out

Rocky_Chow

A lot of accumulation below the 0.618 fib level for many days,volatility contraction and what have you not and soon enough it broke the crucial level to hit the next wall of resistance of 0.786 fib level at 167... therefore, A close abve 167 would be a moral booster for it to reach 186 or previous ATH... Cup Breakout level is 163 which had happened but now stock...

Rocky_Chow

Its been a journey of parallel channels for Natco Pharma share price and one believes that it will continue to tread within the broad confines of the longer term monthly channel Price has now found the resistance area of the channel which started from the lows of the covid (in blue). However, with the earnings on lenalidomide still some 15-18 months away from...

Rocky_Chow Updated 

February 2024 is the month of volatility and true to form even technical resistance lines are hovering above .. the final decision of the usfda over the kothur plant inspection will be out and the q3 expected blip in the results due to the accounting policy of the booking sales and profit share of gRevlimid drug .. Meanwhile the API plant in Manali, Chennai...

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Nava is one of the strongest stocks in the market...Company is having a profitable turnaroud in its Zambia operations wherein the govt. entity ZESCO, has begun honouring an arbitration award won by Nava and the power tariff issue has also been settled.. further, as per screener this has less than 50,000 shareholders which I think is pretty low for a 7500 crore...

Rocky_Chow Updated 

Explaining the current impasse in fibonacci terms: > In the previous upmove 0.618 was the resistance from which share price retreated despite blockbuster earnings coinciding with a slew of negative news.. > After finally exploding through 0.618 level, the next logical resistance level of 0.786 is the new barrier.... Once it overcomes this resistance it may...