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MTF Stock Pick  Buy Natco Pharma Ltd For Target Rs. 1170 - HDFC Securities 

Stock price has broken out from bullish “Pennant” pattern on the daily charts

Rising volumes during the breakout has validated the upside breakout

Stock has been trading above important moving average parameters, indicating uptrend on all time frames

Pharma Sector has been one of the best performing sector and still holding it s strength

Stock price has broken out from the consolidation which held for last four weeks

Indicators and oscillators like RSI, MACD and DMI have turned bullish on short term charts

Buy Natco Pharma Ltd Up to 3 Months @ 931-940 CMP 931.75 TGT 1170 SL 850

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