IPCA LABORATORIES LTD
Long

IPCALAB

94

  • In our previous update in July 2023, we mentioned that stock’s corrective phase could be over, and it is a Value Buy.
  • Price has now cleared its previous all time high of 1383.
  • This suggests continuation of long term up-move.
  • Price is now initially expected to test 2535, with optimistic targets extending to 3700 and 5555.
  • Bullish outlook remains intact as long as price is above 1350.

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