Taking support at Fibo retracement levels. Sharing a technical view only Disc: Not holding and not a buy / sell recommendation
IPCA Laboratory. Trend/Line B/O. Moreover less increased in recent RUN UP of Pharma. Check.
IPCALAB - Long targets for upcoming week. Tentative 15% move on the upside. Diagram depicts that if the trend continues then we can get beautiful targets
IPCA was trading in descending channel since january & it broke out of with good sets of volumes on bigger timeframes i:e daily & hourly. Should be bought with mentioned stoploss & targets.
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...
IPCALAB is at channel support for getting into a fresh position for a long trade.
IPCA Labs CMP 2176. Looks good for X/2 entry at CMP and second X/2 entry above 2265. Targets: 2453, 2600 and 2700+ (long Term) Stop Loss: Below 1850 closing. Also there will be stock split soon 2:1 in IPCA.
Ipcalab broke out of triangle pattern with ok volume. Buy with mentioned tgt & sloss
Ipcalab has shown some positive diversion on RSI in daily time frame and price also fall near demand zone. One can accumulate or buy now with stoploss of 1800 on closing basis for target of 2260/2460/2700
Ipca lab land in demand zone again. Sl 8% downside (DCB) Chart publish is only for self study purpose.
Reversal seen on 1H TF. Price is in demand zone. The stock have high IV and would be ideal candidate for selling PE
Price Action Analysis Chart clearly indicates uptrend movement once the trend line broken , one can expect the target of 2450. Kindly hit the like button to forecast the chart like this further To learn and trade like this call me (Nine five six six three four seven seven three four )
took support at 2000-2100 now ready to fly Buy at 2000-2100 SL 1950 Tgt 2454-2592-2667-2900 Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Upmove Buy above 2490 Target 1 2600 Above 200 Ema, up Longterm trend Crossing 50 EMA Crossed downtrend line. RSI going above 50.