The Major pattern is the Broadening pattern which stock is following since last year October 2019, it has almost doubled from then.
but if you see from April2020, the stock was consolidating sideways forming channel pattern. So indirectly it contributed towards flag formation, it has broken upside.
There are 2 Targets , Channel and Flag Formation
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.
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