Buying Strategy for Natco Pharma: Technical Breakout Likely Above ₹870, Targeting ₹930
By Parshuram Sonurlekar
Mormugao, May 19, 2025 — Natco Pharma Ltd. (NSE: NATCOPHARM), currently trading at ₹854, is showing signs of a potential breakout on technical charts. According to market analysts, a close above ₹870 could trigger a strong upward momentum, paving the way toward a target of ₹930 over the next 2 to 4 weeks.
Technical Analysis Overview
The stock has formed a bullish continuation pattern on the daily chart, with consistent support near the ₹840-₹850 zone. A decisive breakout above ₹870 would confirm the formation and is likely to attract fresh buying interest.
Key technical indicators such as RSI and MACD also support bullish sentiment, indicating increasing strength in the current uptrend.
Buying Strategy
- Buy Zone: Above ₹870
- Target: ₹930
- Stop Loss: ₹845 (on a closing basis)
- Timeframe: 2 to 4 weeks
This strategy is ideal for swing traders looking for short-term momentum plays based on chart patterns and volume activity.
*Disclaimer:
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