Stock to Watch Friday – NATCO PHARMA LIMITED

Natco Pharma Limited

Natco Pharma Limited has broken out from a downward trend line formation. The price has now breached the neckline of 540 and is also sustaining above RSI has given positive crossover suggesting price is likely to move 580 on the upside.

It is also holding above its 50-DEMA for the past three weeks trading sessions. NATCO PHARM may be bought in the range of 540-541 for the targets of 555-572, with stop loss below 519 on closing basis.

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