Natco Pharma LtdTARGET AND SL @760
FUNDAMENTALS
Market Cap
₹ 14,846 Cr.
Current Price
₹ 829
High / Low
₹ 928 / 502
Stock P/E
13.2
Book Value
₹ 296
Dividend Yield
1.00 %
ROCE
17.7 %
ROE
15.3 %
Face Value
₹ 2.00
Promoter holding
49.7 %
EPS last year
₹ 39.2
EPS latest quarter
₹ 20.6
Debt
₹ 248 Cr.
Pledged percentage
0.00 %
Net CF
₹ 20.8 Cr.
Price to Cash Flow
17.5
Free Cash Flow
₹ 674 Cr.
Debt to equity
0.05
OPM last year
34.6 %
OPM 5Year
29.7 %
Reserves
₹ 5,258 Cr.
Price to book value
2.80
Int Coverage
91.3
PEG Ratio
33.8
Price to Sales
4.17
Sales growth 3Years
12.2 %
Return on assets
13.0 %
NATCOPHARM trade ideas
Natco Pharma; can it achieve it?This is about to make breakout of its multi-year w-pattern / volatility contraction.
Pharma being at the good position, makes it more attractive.
With recent financial exceeding estimates indicate that the company is inline with what chart is projecting.
What do you think? Will its price sustain above 1000-1100 level?
NATCOPHARMStock name = Natco Pharma Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
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.
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HAPPY TRADING 👍
NATCOPHARMBreakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
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!!
NATCO Pharma This idea is only for educational purposes
Turnaround is happening in the company ( Added fundamental and technical ).
i) Recently company received approval for the cancer medicine
ii) Latest quarter's profit increased 5 times the previous quarter
iii) Promoter, FII, and DII increased the stock holding
iv) Technical points
a) Above 3o weeks ema
b) RS is positive
c) today broke the consolidation zone with a high volume
d) making HH and HL
Note:
1st target 750 short-term duration
Long term 900 plus ( based on next quarter's result)
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
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.