IPCA LABS - Shorts below 1550 you may think of buying a put option or selling futures if IPCA labs closes below 1550 levels and then you can thank me later by boosting, liking and sharing the post.
One of the first modern pharma factory of yesteryears was commissioned by Ipca at Mumbai in 1969. The company was originally promoted by a group of medical professionals and businessmen and was incorporated as 'The Indian Pharmaceutical Combine Association Limited. ' in October 1949.
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Ipca
IPCA LABS LOOK WEAK | SELL AROUND 687IPCA lab looking weak but current Risk Reward isn't great, let price come around 687 to take a short position. Risky traders can sell if it sustains below 670 for the marked target.
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IPCA - possible BOIPCALAB : NSE:IPCALAB
Clear Bounce from strong support and trying to break trendline.
Also from Futures perspective - clearly price crossed the previous month's series VWAP and the current Series VWAP.
If the current momentum us sustained and takeoff 875 - we should see a super move.
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Triangle formation in IPCA LabsAfter immense selling pressure and lots of accumulation, IPCA lab is ready for a Bull run. It has formed a triangle breakout pattern on 30 min time frame and +.
Buying Area - 2200 And below
Target - 2400, 2400+
Checkpoint - Selling Zone/Reversal zone
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.