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 laboratories Ltd
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1145+.
✅Can Go Long in this stock by placing a stop loss below 845-.
Hello & Welcome to this analysis
The outlook has been down from quarterly, monthly, weekly & daily chart study.
Its been in a 2 years downtrend, now near a support but yet to give any reversal confirmation. If this level of 700 fails to hold the next major support comes in at 600.
Overall its a wait and watch stock even from a bounce back point of view
1) Strong Stock
2) 50% Retracement from All time high.
3) Panic Buying after huge gap down opening.
4) Currently Pharma and Medical Sectors are booming.
Entry price range = 700 to 720
Stoploss Planning = Max Stoploss at 687
1) Target 1 = Book 50% Qty at 1000 Price Level
2) Target 2 = Book 25% Qty at 1250 Price Level
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...
IPCA Laboratories Positional View @ 28 04 2023
IPCA Laboratories Positional View Monthly Analysis @ 28-04-2023
I Consider this is the Best Opportunity for Ipca Laboratories
I will be more Happy if i get another dips, Will Update this idea & decisions in coming months
Always Trade What You See not What You Feel........
"Be Fearful when others are Greedy and...
IPCA 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.