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.
NATCOPHARM
Natco Pharma- A multibagger?NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.
The Company has also forayed into Crop health and completed state-of-the-art greenfield manufacturing facilities for agro technical and formulation products, with a total Capex spend of over INR 150 crores located in Nellore, AP.
The company is making strategic investments and buying stakes in multiple companies.
The management is looking keen to grow the company and reach the whole world.
Some technical of the company-
Return on capital employed >30 AND
Debt to equity <0.1 AND
Net profit preceding 12months >500 AND
Net Profit latest quarter >100
This stock looks excellent for long term growth and may become a multibagger in the future.
Do keep it in your watchlist and keep a sharp eye on the results.
I am not a SEBI registered analyst.
Please do your own analysis before investing.
Do like and follow and share among your friends and family.
Thank you.
Momentum Trading Picks - Pharma Stock Natco Pharma.This chart is very interesting as well as confusing at the same time for some people let's break it down step by step.
If you see the monthly chart of Natco Pharma you will notice many patterns there like:-
Cup pattern
W pattern
Pole and flag Pattern
Volume is increasing significantly on the monthly chart
Breakout already happened last week but those who are willing to take risks can still participate in it because the stop loss will be a bit on the higher side.
MACD Crossover Swing Trade📊 Script: ARE_M
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
⏱️ C.M.P 📑💰- 1401
🟢 Target 🎯🏆 - 1555
⚠️ Stoploss ☠️🚫 - 1308
📊 Script: IRB
📊 Sector: Infrastructure Developers & Operators
📊 Industry: Construction
⏱️ C.M.P 📑💰- 76
🟢 Target 🎯🏆 - 85
⚠️ Stoploss ☠️🚫 - 72
📊 Script: RAYMOND
📊 Sector: Textiles
📊 Industry: Textiles - Products
⏱️ C.M.P 📑💰- 2471
🟢 Target 🎯🏆 - 2653
⚠️ Stoploss ☠️🚫 - 2395
📊 Script: JUBLPHARMA
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 757
🟢 Target 🎯🏆 - 817
⚠️ Stoploss ☠️🚫 - 731
📊 Script: NATCOPHARM
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1082
🟢 Target 🎯🏆 - 1161
⚠️ Stoploss ☠️🚫 - 1040
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
MACD Crossover Swing Trade📊 Script: HINDUNILVR
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
⏱️ C.M.P 📑💰- 2231
🟢 Target 🎯🏆 - 2362
⚠️ Stoploss ☠️🚫 - 2172
📊 Script: KPIL
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Transmission Line Towers / Equipment
⏱️ C.M.P 📑💰- 1206
🟢 Target 🎯🏆 - 1272
⚠️ Stoploss ☠️🚫 - 1176
📊 Script: CHENNPETRO
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑💰- 942
🟢 Target 🎯🏆 - 999
⚠️ Stoploss ☠️🚫 - 912
📊 Script: POWERGRID
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 281
🟢 Target 🎯🏆 - 298
⚠️ Stoploss ☠️🚫 - 272
📊 Script: NATCOPHARM
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 999
🟢 Target 🎯🏆 - 1069
⚠️ Stoploss ☠️🚫 - 965
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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 - READY TO BREAKOUTEntry Possible above 950 level
SL - 720
Short term Target - 1190
Long term Target - 1500
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NATCOPHARM - Bullish Consolidation BreakoutNSE: NATCOPHARM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
#vimtalabs #ipcalab #lauruslabs #lalpathlab #guficbio #alkem#VIMTALABS
NSE: VIMTALABS
CMP: 461
TP: 560
SL: 410
TF: <6m
RR > 2 times
Return > 22%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
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.
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.