Thursday, 11 July 2013

NATCO PHARMA BOUNCED BACK FROM 200 DMA

RECOMMENDED TO CLIENTS THROUGH MAIL ON JUNE 18 TO BUY NATCO PHARMA BETWEEN 420- 430

TODAY THE STOCK MADE A HIGH OF 480  AND LOOKS VERY GOOD. IT BOUNCED BACK AS EXPECTED FROM ITS 200 DMA. STOCK  IS IN VERY GOOD HANDS

THIS WAS MY MAIL TO CLIENT SON JUNE 18 :

Natco Pharma has done well over last many months and seems to be holding 200 dma. Yesterday, stock clocked huge volumes and bounced from 200 dma – good enough to attract lots of traders. Ideally there should be follow through and some upside move over next few weeks and months

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