Chart say everything with Elliott wave counts and Chart PatternsChart say everything with Elliott wave counts and Chart Patterns
Looks like Inverted Head n Shoulder chart pattern, yet to Break above Neckline.
Scenario also aligns with Impulse wave counts.
Elliott Wave Counts
Inverted Head n Shoulder Chart Pattern Yet to confirm Breakout
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Natcolong
NATCOPHARMA: Potential Reversal candidateNATCO 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.
Natco- LongNatco is trading in a symmetrical triangle chart pattern . It is expected to break towards upside where we can see a rally until 1000 + .
if it break the bottom of the triangle then it dont go for it. Wait for the line breakout and enter.
Disclaimer : Only for learning Purpose and not a trading recommendation
NATCO PHARMA LTD medium term swing ideaPotential 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!!