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Natco pharma

Discussion in 'Technical Analysis' started by prabhat_mishra, Feb 13, 2019.

  1. prabhat_mishra

    prabhat_mishra Active Member

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    Shabbir jee,
    Are u planning to add natco pharma further after result. If yes at what level??
     
    prabhat_mishra, Feb 13, 2019
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  2. manickarajan

    manickarajan Responder

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    manickarajan, Feb 13, 2019
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes but I will like to see it settle at some levels before taking that call
    I have a different view. The results are good as per me. Last year was a very strong year and management had clarified it will be tough to beat it. The reason for better performance in the past year was because of outbreak of some disease and their medicine was used in large quantity. They didn't beat the earnings YoY but then revenue was quite impressive for me. Market didn't like it but I think the price damage may not be much from here but could be some time correction. Because the stock is in downtrend, the reaction was very bad. Let us see when the fall stops and forms some pattern to enter for me.
     
    shabbir, Feb 14, 2019
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  4. nirajshah

    nirajshah Champion

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    This is quite encouraging.

    Sent from my Redmi 6A using DIY Technical Analysis mobile app
     
    nirajshah, Mar 24, 2019
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