finogent

IPCALAB: A Bullish trend

finogent Updated   
NSE:IPCALAB   IPCA LABORATORIES
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TECHNICAL ANALYSIS OF IPCALAB

The LAST CLOSE PRICE of NSE: IPCALAB is 2176.25. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 2205. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2095.85 with RESISTANCE 1 and RESISTANCE 2 at 2235.95 and 2310.45 respectively. The Key 50% FIBONACCI LEVEL stands at 2136.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 90.7 and 78.7 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 27.13 and 2.16 at 14.12 along with HISTOGRAM showing values of 12.98, the STATUS is clearly UPWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.53 and 1.2 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.019 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 24.55 which signifies its Price Level to be AVERAGE.


>>> RECOMMENDATION is : BUY."




Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
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FINOGENT SOLUTIONS LLP
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