- 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...
IPCA 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.
- 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
V can see trgts of 800 900 in long term view
its made DOUBLE BOTTOM in monthly chart
wit sl 625
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