IPCA Lab Broke Out !!

πŸ“ˆ IPCA Lab πŸ“‰

IPCA Lab broke out from a downtrending trendline zone after testing three times. Yes it has closed at high of Fab and March too.
So I am biased on long side.

On Buy Side I am looking for initial Targets of 1100, 1139, 1211 and 1318.

StopLoss should be kept at 965.
It offers 1 : 2.5 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached

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