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Price and trend forecast of NATCOPHARM for Tomorrow, Weekly, Monthly

Natco Pharma Limited

Symbol: NSE:NATCOPHARM

ISIN: INE987B01026

998.60

As on 2024-04-24

563.00 (52W Low) 1,108.35 (52W High)

NATCOPHARM's Today's Performance

Natco Pharma Limited started the day by opening at 1,028.00 today 2024-04-24. Its shares reached a high of 1,031.00 and dipped to a low of 995.80 in intraday. When the markets closed, NATCOPHARM’s stock price settled at ₹998.60 per share. Also check out its key support and resistance levels.

NATCOPHARM Buy/Sell Targets

Tomorrow, sell NATCOPHARM when its price reaches ₹ 998.60 with a stop-loss order at ₹ 1,017.26. You can set the target price as ₹ 979.94 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NATCOPHARM for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NATCOPHARM

Downside Targets Value in ₹
Tomorrow Down Target 1 1,021
Tomorrow Down Target 2 1,044
Tomorrow Down Target 3 1,056

Important Levels for NATCOPHARM

Holding Levels Value in ₹
Tomorrow Up Target 1 986
Tomorrow Up Target 2 973
Tomorrow Up Target 3 951
Based on where the stock opens tomorrow, if NATCOPHARM opens on a positive note, our first target will be ₹1,021. If Target 1 is achieved, we will aim for Target 2 which is ₹1,044.

But if NATCOPHARM falls below the average value of ₹1,008.47, you can enter a sell side position with target number 1 - ₹986 and second target - ₹973 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NATCOPHARM

Looking at NATCOPHARM, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NATCOPHARM has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NATCOPHARM is moderate bullish.

Tomorrow's Volume based share price Forecast for NATCOPHARM

NATCOPHARM's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -42%.

Reversal detection for NATCOPHARM

Predicted trend chart of NATCOPHARM tomorrow for price forecast
NATCOPHARM may trend may continue to be bearish since stock is making lower low and we can get target of ₹1021 in morning tomorrow
Target 1 tomorrow1022
Target 2 tomorrow1030
Target 3 tomorrow1044
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NATCOPHARM's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NATCOPHARM opens on a positive note, our first target will be ₹1,021.13. If Target 1 is achieved, we will aim for Target 2 which is ₹1,043.67.

But if NATCOPHARM falls below the average value of ₹1,008.47, you can enter a sell side position with target number 1 - ₹985.93 and second target - ₹973.27

NATCOPHARM's Weekly Targets
1st Up Target 1,030.55
2nd Up Target 1,062.50
1st Down Target 970.80
2nd Down Target 943.00

As the week for NATCOPHARM ended on bullish sentiments, we can expect further continuation of this sentiment. NATCOPHARM's initial target will be 1,030.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 970.80 in the upcoming week.

Weekly OHLC Values
Open 978.00
High 1,034.70
Low 974.95
Close 998.60

Week for NATCOPHARM started with an open price of 978.00, and the close was at 998.60. NATCOPHARM reached the highest of 1,034.70 and dipped lowest up to 974.95 last week. This indicates a bullish sentiment for the week.

NATCOPHARM full month swing targets
Monthly Up Target 1 1,090.30
Monthly Up Target 2 1,122.25
Monthly Down Target 1 911.05
Monthly Down Target 2 823.50

Targets of ₹1,090.30 can be expected to be reached in the coming month. Once NATCOPHARM achieved this target, we can aim for the next upside target of ₹1,122.25.

NATCOPHARM if fails to hold upside, down targets of ₹911.05 and ₹823.50 can be achieved by end of this month.

For complete three weeks if NATCOPHARM is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as NATCOPHARM

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

NATCOPHARM is expected to reach the target of 1,021.13 in tomorrow's trading session.

After achieving the initial target in NATCOPHARM, we will aim for higher targets of 1,043.67 tomorrow.

However, if NATCOPHARM starts to trade below ₹1,008.47, then we will shift our focus to the sell side and aim for down targets of 985.93 and 973.27.