Natco : Weaker forecast hitting it hard technically
- Q3 results were out Yesterday, and were week with significant weaker forecast !
- Technically, Natco Pharma should test it’s quarterly + monthly demand area of 800 - 740, and go in time correction thereafter with minor bounce
- On any bounce, 1200 - 1300 is going to act as very strong resistance in the stock & cap upside.
- What works for Natco is the cheap valuation vs its historical average, BUT unless forecasts improve, it may not find many takers
#stoxsense #sudhir #natcopharma
- Technically, Natco Pharma should test it’s quarterly + monthly demand area of 800 - 740, and go in time correction thereafter with minor bounce
- On any bounce, 1200 - 1300 is going to act as very strong resistance in the stock & cap upside.
- What works for Natco is the cheap valuation vs its historical average, BUT unless forecasts improve, it may not find many takers
#stoxsense #sudhir #natcopharma
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.