FOR LEARNING PURPOSE
NATCO PHARMA- I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it is retesting that breakout zone of last 2Y
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company has declared Positive results for the last 4 consecutive quarters
7. Coming out from Stage 1 so it has more upside chances as Stage 2 will start now
8. This company has been a underperformer for a long time but its trying to change now
I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 826.20 rupees
I will be managing my risk.
NATCO PHARMA- I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation
2. The breakout candle is good with great volume
3. Now it is retesting that breakout zone of last 2Y
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company has declared Positive results for the last 4 consecutive quarters
7. Coming out from Stage 1 so it has more upside chances as Stage 2 will start now
8. This company has been a underperformer for a long time but its trying to change now
I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 826.20 rupees
I will be managing my risk.