As I understand, this rare bull identifies potential multibaggers at early stage and accumulates. If he has entered Natco Pharma now, he must be aiming for sustainable high returns. Hence I say it is a long term story.
dear COOL BULL
Recently I sold the shares because of the fear of dubai news.the sharestarted up journey from 65, fast moved into 130 level.There after fell due to negative news inET.But totally not lost position.Depending on present conditions can u suggest me a target to reenter, As itoo feel it is long term hold How much downside can we expect now???
Since the break out of negative news the stock has not recoved and strated slipping.As the nfty is now in correction to 4250-4400, I am expecting share price to retrace 75 level, do you agree???
I think the share will not recover before correcting nifty due to weakeness in stock.so better exit at present level and wait for correction!!!
pharma sector may not fall with the market as market falls, it may show its defensive nature in falling market.. so 75 levels are a long ....distance target...
You may be right from trading perspective. But from investment perspective, if you have spotted a winner, as long as the entry price is reasonable, one should not look for short term movements. Again, my experience says that in small caps technicals always do not work. It is better to keep watch on fundamentals and then take buy/sell decisions.
you r right,this is not a trading script. you can keep it for a long time to come and it will give you very good returns,so buy buy and buy and have patience.