NATCO PHARMA 16 APR 2021


 Stop Loss Hit

1)Perfect entry as per our strategy

2) As per 1:2 Risk Reward our target (Rs.951) was above previous resistance(Rs.940) & the stock failed to go above previous resistance.

Strategy   

Candlestick reversal from

1)Price support

2)RSI Support(Rsi near 40)

3)50 period Simple Moving Average Support

4)200 period SMA < 50 period SMA

Time Frame-1 Hour

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