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drupadk

IPCA Laboratories - 2 month weekly high + trendline breakout

Long
IPCA LABORATORIES (NSE:IPCALAB)  
drupadk  
NSE:IPCALAB   IPCA LABORATORIES
Trend Analysis Chart Patterns Technical Indicators ipcalabs
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trendanalysis chartpattern indicator ipcalabs
Ipca Labs has moved out of a 9 month long consolidation/decline as shown by the chart.

Ipca Labs can be bought here as a medium term trade/investment.

Targets : 2450 (prior high) and higher (open target since stock will be in new territory)

Stop Loss: 2085 WCB (3 week closing low is 2089). A deeper but more logical SL is 2045 WCB.





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