surajagarwal15743

IPCA labs short

Short
surajagarwal15743 Updated   
NSE:IPCALAB   IPCA LABORATORIES
- Excellent stock for entering short

- Every time the stock hits its the trend line it bounces back to its 50 DMA which lies somewhere around 770 levels

- Note dropping volume , indicating that sellers are taking the toll

- RSI is just hovering near to oversold zones

- MACD is indicating loss of momentum

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Comment: Made a low of 917. Further downside is awaited
Comment: on a Short term basis, the stock has reversed from its monthly support levels.

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