* On a daily chart, the stock has given a breakout of its downward sloping trendline which indicates a bull run in the stock.
* Moreover, the stock has started to trade above its 50 Days Exponential Moving Average which shows a positive movement in the counter.
* Additionally, the volume activity is gradually increasing with rise in price which shows an accentuate buying activity in the counter.
* A daily momentum indicator RSI reading is at 60.27 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy NATCO Pharma Ltd @ 805-812 Stoploss 769 Target 895
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