Price has reached all time high in last trading session. A great 700% ROI potential even if it takes 3 years holding time. Strong fundamentals, fairly valued and recent break out from 1100 resistance zone after 7 years adds conviction to hold position for long term. Technically price is moving in the final 5th wave of a larger degree. Other targets are...
NATCO PHARMA made a rounding bottom and later completed the cup and handle pattern. The stock is trying to reverse from the 38% retracement from the top it made recently. If it reverses we can aim for the target of 1240-1300-1350-1500-1600. Targets or studies are based on my analysis and shouldn't be considered as BUY/ SELL recommendation.
Formed a Traditional Double Bottom and also Inverted Head Shoulders. Once it break the neck point 1189, target will be 1432 and 1670.
Potential reverse head & shoulder pattern forming in NATCO PHARMA LTD. Fundamentals are quite good with highest ever net profit in Q1 2023 Expecting entry around 790 level with the technical target of 1350 (70% ROI) Stop loss below 750 (optional) Do your own due diligence before taking any action. Peace!!
NSE:NATCOPHARM has been sustained above major resistance of 570. Best entry level is 570 with stop loss of 540 (-30 Points). My expected target will be 585 & 631 (+61 Points) which could be a low risk high reward idea. Note: This is my personal analysis, only for learning. Thanks.
NATCO PHARMA LOOKING GOOD FOR 900 LEVEL RALLY
Short Term Cash Buy NATCOPHARM @748.00-750 SL 717 TGT 807 TK cross over Above VWAP MACD cross over So it indicates the uptrend continues so go long
NATCO PHARMA MAY BE BLAST. JUST KEEP WATCH LEVELS...AS INTRADAY YOU CAN TRADE 605 FOR 615/620 WITH SL 585