Bullish Flag in IPCA lab- Action continues

yogesharora2409 Updated   
About IPCA laboratories

Ipca Laboratories Limited is an Indian multinational pharmaceutical company based in Mumbai, India. It was founded in 1949 by a group of businessmen and medical professionals. The company manufactures and markets a wide range of pharmaceutical products, including active pharmaceutical ingredients (APIs), formulations, and bulk drugs.

Ipca is one of India's leading API exporters. It produces over 80 APIs, which are sold to customers in over 100 countries. The company's API portfolio includes a wide range of therapeutic segments, such as antibiotics, antifungals, antivirals, cardiovasculars, and central nervous system drugs.

Ipca also manufactures and markets a wide range of formulations, including tablets, capsules, injectables, and ointments. The company's formulation portfolio covers a wide range of therapeutic segments, such as anti-infectives, pain management, cardiovasculars, and diabetes.

Ipca has a strong manufacturing base, with six plants located in India and one plant in Mauritius. The company's plants are all USFDA and GMP compliant.

Ipca is a listed company on the Bombay Stock Exchange and the National Stock Exchange of India. The company's market capitalization is over ₹10,000 crores.

Ipca is a leading player in the Indian pharmaceutical industry. It is known for its high-quality products and its strong focus on research and development. The company is committed to providing affordable and accessible healthcare to people around the world.

About Flag Patterns

Imagine a group of soldiers charging up a hill, their flags flying high. They are unstoppable, and their momentum is carrying them forward. But then, they reach a plateau, and the enemy opens fire. The soldiers are forced to take cover, and the battle stalls.

This is similar to what happens in a flag breakout pattern. The stock price makes a sharp move in one direction, creating the flagpole. Then, the price consolidates for a period of time, forming the flag. This consolidation period represents a pause in the battle, as bulls and bears fight for control.

But eventually, one side will gain the upper hand. If the bulls are able to break the stock price above the flag, it signals that the uptrend is likely to continue. This is known as a flag breakout.

Flag breakouts can be very powerful, as they represent a continuation of a strong trend. The price often moves quickly and decisively after a breakout, and traders can take advantage of this by entering long positions.

Here is a beautiful analogy for a flag breakout:

Imagine a bird soaring through the sky. It is flying with the wind in its wings, and it seems effortless. But then, the bird encounters a flock of geese. The geese are flying in the opposite direction, and they create a strong updraft.

The bird is forced to slow down, but it doesn't give up. It flaps its wings harder and harder, and eventually it is able to break through the updraft and continue on its journey.

A flag breakout is similar to the bird breaking through the updraft. It represents a continuation of a strong trend, even in the face of resistance.

Flag breakouts can be a great opportunity for traders to profit. However, it is important to note that no trading pattern is guaranteed. It is always important to use risk management and to trade with a plan.


1) 1019 by 29th sep'23 ( 8.7% upside)
2) 1124 by 30th oct'23 ( 18.7% upside)

WAIT FOR A 15 min candle to close above 943 for a perfect entry.

STOP LOSS 880 day close basis.

Trade active:
Stock is retesting the flag levels, patience needed, and hold as peR STOP LOSS
Near to stop loss, exit if it close below 880 on day close basis
Trade active:
back to uptrend, expecting 1k level in just few days
Trade active:
970 high, very near to our set targets
Trade active:
Superp move today, 1009 high

In this dull market, some crazy stocks do perform
Trade active:
1062 high, njoi the rally
Trade active:
1078, super move
Trade active:
1092 new high
Trade closed: target reached:
All targets done, enjoy

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