keshavmaharaj958

NATCO PHARMA CUP AND HANDLE BREAKOUT AND RETEST

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NSE:NATCOPHARM   NATCO PHARMA LTD
The stock has formed a beautiful cup and handle pattern on daily timeframe and has given a successful breakout from the same supported by the volumes as well moreover the stock is on its way to retest the crucial resistance zone which was 924 levels , in near term the stock can fall till 924 and reaching that levels would be a great time to buy also the stock has quite fair valuation and is available at PE of 19 also the OPM is highest ever which is 42% , the stock looks quite good for short and long term the targets for the same are 1073,1187 and 1345 in near future
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