IPCALABIpcalab broke out of descending triangle pattern on daily charts with good volumes.
Could be bought with mentioned stoploss & target.
Key stats
Market capitalization
198.068BINR
Dividends yield (FY)
0.51%
Price to earnings Ratio (TTM)
37.90
Basic EPS (TTM)
20.70INR
About IPCA LABORATORIES LTD
ISIN
INE571A01038
Sector
Health Technology
Industry
Pharmaceuticals: Major
Website
ipca.com
CEO
Premchand Gigalal Godha
Headquarters
Mumbai
Employees
21.218K
Founded
1949
Ipca Laboratories Ltd. engages in the manufacture, research, and development of pharmaceutical products. Its products include Hydroxychloroquine Sulphate, Artemether and Lumefantrine and Acceclofenac and its combinations. The company was founded on October 19, 1949 and is headquartered in Mumbai, India.
IPCALABIpcalab broke out of descending triangle pattern on hourly TF with decent volumes.
Could be bought with mnetioned stoploss & target.
Ipca lab Ipca lab good for a pattern breakout one can add at current levels
Ask your financial advisor before buying
Only for educational purposes
#IPCALAB #MOREPENLAB #DRREDDY #LAURUSLABS #DIVISLABS #AUROPHARMA#IPCALAB
NSE: IPCALAB
CMP: 864
TP: 980
SL: 840
TF: <6m
RR > ~4.5 times
Return > 13%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTI
IPCALABIPCA is placed @ strong congestion zone which it did clear in the morning but could nt sustain above 900-902 levels, sustaining above 900 with good volumes suggests it ll overcome will give a good breakout,
Could be bought here @ cmp 901-902 with menioned stoploss & targets.
IPca LAB can give 10-15% moveIpca lab base has made and now can move 10-15% upside
keep sl as 850 closing basis
IPCA Lab further correction IPCA Lab further correction ahead from 10 to 30 %
Broken trendline and ready for a correction
IPCA LABORATORIES : Potential Harmonic Reversal The idea here is about Ipca Laboratories:
Ipca Laboratories Ltd is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments.
1. Bullish Cypher pattern completed on a daily chart potential trend reversal expected. However, if
Buy With Proper Stoploss
Pattern Never work lonely
here is a 20 - 50 average cross-over already done
third attempt of 200 sma
moreover cup handle pattern made already handle
in near days result will announce and as per my theory price Discount everything news, events and emotions.
So be careful and keep your stop l
My view on IPCALABIPCALAB forming inverse head & shoulder pattern
looking target 1040-1050-1070++ in very short term
Keeping on radar IPCALAB 1020 CE
See all ideas
Income Statement
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