📊 Script: IPCALAB
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
Key highlights: 💡⚡
📈 Keep An Eye on Script, it is trading near its resistance level which is 1248 and may give breakout of it.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages are also giving crossover.
📈 Right now RSI...
#IPCALAB
Stock looks good for another 20-25% move above.
A candle close below ₹1100 would trigger me to close the position.
1) There is a bullish pennant forming with measured target of above ₹1400
2) Horizontal previous ATH support - Looks great.
As per my analysis, 707 level was strong resistance of NSE:IPCALAB . Now resistance has been brake and sustained above 707. My idea is to take buy entry at level of 707 with stop loss of 666 (-41 Points Risk). My expected upside target would be 766 (+59) & 966 (+259 Points).
It could be jackpot idea.
Note: This is my personal analysis, only to learn stock...
A bullish engulfing candle has been formed on the daily time frame suggesting a good move in the upward direct is very much possible.
There is a good consolidation zone being formed and a breach of the zone(resistance) would surely give a good upward movement in this counter.
For buying the stock should be trading above the levels of 1069 and on the other hand...
Lol I know Its confusion getting lots of lines but don't worry you can IPCA lab with stop loss 1650.
Looks weekly :
Shown rejection in weekly
Conclusion: in All tie frame It's looking for Short opportunity.
Thanks
IPCA will not only survive , but outperforme other stocks. World is falling because of the fear of poor Q1 results. On the other hand , IPCA will have Huge growth in profits.
*IPCA LAB RS 36.31 CRS NSE BLOCK TRADE FOR~ 224839 SHARES, AT RS 1615* #IPCALAB - on 30th april
