AbhishekHSinghCMT

IPCA- Above 545 looking for a small bounce

NSE:IPCALAB   IPCA LABORATORIES INR2
33 0 1
IPCALAB- Waiting for trendline to break


Longer Term Break of Rising Trendline is required for big downside moves. In current scenario, If prices go above 545 then we could look for a small upside move till 551 -in the top of evening star head.

In coming session if it goes to 550-552 zone & falls below 537- We shall be bearish again till logical target of Rising Trendline as shown in previous update.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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