NATCOPHARM trade ideas
NATCO PHARMA NATCO PHARMA followed a nice ascending triangle.
The 4hr & Daily candle closed on the ascending triangle.
Natco looks bearish on MACD on all time frames .
Natco should test its 200 MA around 539 .
Various support levels are mentioned on the chart .
Trade# 1001: Wk review for holding period of 3 monthsLow debt company; Possibility of multiple wave uptrend in another 1 year.
short term target 625 and pull back entry at 575 with SL of 2 to 5% and target of 7 to 10% in next 3 months.
SL compulsory and wait for pull back always
Natco pharma : buyers active at support zone. Natco pharma : buyers active at support zone.
Stock may lead rally in pharam sector
