NATCOPHARM trade ideas
NATCHOPHARM Low Risk High Reward IdeaNSE: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 - C & H breakoutFundamentally a very sound pharma company which works very differently from generic pharma.
Future is very bright and is awaiting one big USFDA approval.
The stock could potentially breakout of of a C&H formation above 1000.
SL at 10% as i believe this stock deserves a chance to run.
Target open.
The only hitch is i am not expecting a great Q4 result from the company as becuase of the lockdown their current business has slowed down.
NATCOPHARM Can Be Good For Holding From HereNSE:NATCOPHARM We can add this script in our portfolio for long run lets discuss about chart view first and then target and sl.
As you can see on chart it was correcting from long time ago and as per price action rules, Stock will start doing consolidation after a huge fall or huge bull run.. The same scenario visible with this scrpt. After looking at current consolidation we can say there can be huge bull run possible in comming days. You can keep in Watch-List If you don't want to participate this you can keep your view on this.
Let's look at level :
Entry : 835
Target : 900++
SL : 775
Thnaks,
-UD Trend
Disclaimer : All Suggestions And Calls Will Be Pure Educational & Self Examination Purpose Only You Can Take Advise Of Your Financial Advisor As Secuirity Market Linked With High Risk.
Natco Pharma - Bullish Structure on Price Volume AnalysisVolume Price Analysis shows that NSE:NATCOPHARM is holding its Bullish Structure.
VSA Study
Stock has not broken the mid-point of WRC candle marked as 'D"
It has consolidated on Low volume after giving breakout
Pullback Structure looks about to complete and stock is about to resume its up-move journey
Candlestick Study
Stock has formed a Bullish Popgun Pattern
Note:
This study is just for Information & Knowledge purpose only and not for trade.