Stock-Holmes

IPCA LABORATORIES.... IT'S NEVER LATE TO ENTER...

Long
NSE:IPCALAB   IPCA LABORATORIES
The script had broken out of the triangle and is marching ahead. Next target is 2665 which is still a good 5.5% away...
Trade active: My target was 2665. Today the script reached a high of 2664.3! Still, I consider this a failed trade. Though I'm in profits my target was not attained. I'll continue holding it.
Trade closed: stop reached: Finally, target achieved... Booked profits today!

Comments

Hi, what should be its next target now?
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@RupaliB, Hi... I usually don't re-enter a trade when my target is reached. 2750 seems to be strong resistance. The stock price had fallen from there. If it crosses 2760 strongly, then the next target will be 2865. Happy trading!
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How many days to achieve target??
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@vishnubarath1995. hi. "one can predict the market moves easily, but can never time it so well". Technically it should reach the target soon. Enter the trade based on your risk appetite. All the best.
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Stock-Holmes vishnubarath1995
@vishnubarath1995, Hi. It took 8 trading days to give 5.4% profits. I continue to hold it. Eight days should be an OK time for short-term trades.
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