Ipcalabs
IPCALABS, Medium risky "Trading setup"....By The_RedTickerMakes sense to me...been falling a lot, slowing losing strength.
As such, not a bad stock, makes it worthy of being bought after such a dip.
Its also at an investment level, but I am unable to generate longer duration view so will aim to trade just the chart for now and rethink if it gets into significant profits.
*NOT AN IMMEDIATE BUY, entry level is mentioned on chart. Also, it should be a closing level entry and a closing basis SL.
TF for this setup is DAILY.
#The_RedTicker....
IPCALAB: A Bullish trend"
TECHNICAL ANALYSIS OF NSE:IPCALAB
The LAST CLOSE PRICE of NSE: IPCALAB is 2176.25. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 2205. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 2095.85 with RESISTANCE 1 and RESISTANCE 2 at 2235.95 and 2310.45 respectively. The Key 50% FIBONACCI LEVEL stands at 2136.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 90.7 and 78.7 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 27.13 and 2.16 at 14.12 along with HISTOGRAM showing values of 12.98, the STATUS is clearly UPWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.53 and 1.2 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.019 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 24.55 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : BUY."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
IPCA Laboratories - 2 month weekly high + trendline breakoutIpca 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.
IPCANote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
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.