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IPCA Laboratories LimitedIPCA Laboratories LimitedIPCA Laboratories Limited

IPCA Laboratories Limited

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IPCALAB trade ideas

IPCALAB - Rounding bottom or Cup&Handle ?IPCALAB is nearing the resistance level 640 - 650. If it breaks the resistance with volume, the price may gain another 60 to 80 points in 6 months to one year. In that case this pattern is rounding bottom. If the price retraces and then breaks the resistance, the pattern will be cup and handle. Both cup&handle, rounding bottom are trend continuation patterns. Both the patterns shows the stock is bullish. Keep it in watch list. When the price nears the resistance the movement will be in sideways before it tries to move further.
NSE:IPCALABLong
by vanathi
IPCALAB Bearish Gartley Pattern SetupPreviously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors indicating bearishness in the chart and It shall further move down. Target 1: 603 Stoploss: 625
NSE:IPCALABShort
by NeeteshJain
6
IPCA LABS - Short Channel Setup It is been observed that the price action is trending in a channel for a while and now it is currently ranging near the upper trendline of the channel or resistance levels where a pull back to other trendline or support can possibily be seen before a breakout on either side of the channel. Other Indicators signalling Bearishness: 1. Macd Crossover 2. RSI Divergence One can take a short positions with good risk reward as mentioned below; Target: 570 Stoploss: 611 Risk Reward: 1:5
NSE:IPCALABShort
by NeeteshJain
4
IPCA LAB - Shorting SetupThe price action is been trading in an uptrend channel for while and it is been going up and down within the channel's trendlines. Today's it is been observed that the price action is correcting after touching the high point of trendline resistance, indicating selling pressure. Now it making lower highs indicating prices to go further down. Now, it is correcting and reaching out to previous resistance level at 555 levels. Stoploss at 585 Take trades with care and understanding of risk management, Good Luck, Thanks for the support. Regards
NSE:IPCALABShort
by NeeteshJain
6