NATCOPHARM - CUP AND HANDLE FORMATION (BO FROM SUPPLY ZONE)

Hi All,

This idea is about Natco Pharma

Fundamentals

Market Cap - 21712 Cr
Stock PE - 15
ROE - 25.9%
ROCE - 30%
Promoter Holding - 49.7
Quick Ratio - 3.42
D/E - 0.06

NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.

Technicals

Since May 21, NATCO has formed a complete CUP and HANDLE formation on weekly chart and has now sustained the breakout for over 2 weeks. The earlier supply zone is now acting as demand zone indicating positive price action.

This is for mid/long term investors only

Hope you enjoy the idea,

Happy Trading,

Thanks,
Stock-n-Shine