NATCOPHARM trade ideas
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.
NATCO PHARMANSE:NATCOPHARM
IT CAN BE A LONG ABOVE 840 AND IF SUSTAINS IT CAN 870 AND 890 ON UPSIDE, TRAIL SL
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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