IPCALAB trade ideas
Buy IPCA LAB @1200.Ipca lab has shown a strength in the current and past bear market.
CAGR of 19% in past 10 year makes it a long term bullish stocks.
Target 2400.
Sl daily close below 1040.
IPCA LABORATORIES go LONGI personally feel if IPCA Lab sustains above 1395 - 1400 by Tuesday, 7th April 2020, it has every chance to go above 1600 (the previous red candle
Contra call on PharmaDistribution in clearly visible on chart. Bearish engulfing, long wicks near 1500-1600 zone is telling that supply is clearly there in counter.
Sell IPCA Lab with stop loss of 1400 on daily closing basis for Target 1150-1050-850
IPCA Lab: BullishBullish confirmation done above 1188.50 levels
CMP: 1196.85
Targets: 1253.40 ; 1318+
SL : 1100 close base.
Risk is yours and Reward is too yours
#IPCALABStocks retracing from a key 38.2 fibo value.
HTF in momentum
Detected by QueryBuilder kkonline.org
Cash Market - Short to Med Term - IPCALABStrong Support @ 985 to 1000
Tg Zone: 1180-1200
Tgram at jtradingview
IPCA Labs - Go long- A comparison of its previous movement and predicted movement is provided here-in-below:
- The last trend started from 2nd week of October, 2018 which lasted till March, 2019; in which the stock gave as good as 66% return
- Note that from Oct to Jan, the stock was consolidating between the 50% and 61.8% retracement level.
- The current trend begins from Feb 2019 and likely to end in Feb 2020.
- Drawing an analogy from the previous trend and holding that the stock has consolidated between 50% & 61.8% of the possible target, the target converges with its all time resistance line at Rs - 1230
- The possible return comes to around 66%
Technical Aspect
- RSI is about to enter 65+ levels
- MACD is highly positive
IPCA LABSSEE THE ACCUMULATION IN THE TRADING RANGE 900-980.
WHAT COULD BE THE FUTURE ACTION IN THIS COUNTER & THE TARGET?
IPCAIPCA DAY CHART IS SHOWING A LOT OF ACCUMULATION WITH A RANGE FROM 920-1000.
AS INDICATED IN ONE OF THE PREVIOUS POST, PRICE SHOT UP TO 1000 LVLS AND THE PROFITS WERE BOOKED.
A PIN BAR SORT OF FORMATION IS OBSERVED TODAY.
THIS TIME IT MAY SHOOT UP BEYOND 1000, AS THE FUTURE CLOUDS ARE BULLISH.
IPCA - READY TO MOVE UP .....ANOTHER PHARMA SCRIP COMING ONTO THE SCREEN FOR BUY.
LET THE SHARE TRADE ABOVE THE RESISTANCE LEVEL, THEN ONE MAY ENTER FOR TARGET OF 1046 IN THE COMING DAYS.
IPCA LABS LOOKS STRONGIF ANY CORRECTIONS PLEASE CORRECT ME. I LOVE CHARTING AND TRYING TO LEARN MARKET. IPCA LAB FORMS A FLAG BREAKOUT. OVERALL IN BULLISH TREND.GOOD MID TERM STOCK.
IPCA labs short- Excellent stock for entering short
- Every time the stock hits its the trend line it bounces back to its 50 DMA which lies somewhere around 770 levels
- Note dropping volume, indicating that sellers are taking the toll
- RSI is just hovering near to oversold zones
- MACD is indicating loss of momentum
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IPCA LABS - IN PENANT FORMBROKE OUT A SMALL PENANT.
ANY CLOSE ABOVE THE RESISTANCE OF 1009 SHOULD SEE THE SCRIP TOUCH 1047.
PLACE STOP LOSS AT 930.
IPCA labs..buy on dipsIPCA labs broke into life highs and is correcting and might test 880 zone..
880 and any dips below that is a good opportunity to get into this stock..
IPCALAB is looking good if trades at 820 - 828 levelsDisclaimer: This idea has been posted strictly for educational purposes only and any investment call shall be taken post proper due diligence and consultation of a certified Financial Advisor
