Bounce Bounce IPCAIPCA bouncing from support zone. Target 560 sl 510 on closingLongby Singh_SiddzUpdated 224
Uptrend- What do you think GuysIpca Labs- What will happen now. Will it move up break the trend line, Or this will crack through short term Trend line and Take support at long term one. Your views are welcomeby Singh_SiddzUpdated 1
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 Shortby NeeteshJainUpdated 669
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: 1:5Shortby NeeteshJain442
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. RegardsShortby NeeteshJain660
IPCA- Magic of 557- Done & Out Above 545- touched the evening star head high@557- I love you ipca. Likely we should not cross 557- done for the day. Shall wait for new clues & new movement- which is downside largely Regards, Abhishek H. Singh, CMTLongby WaveTalksUpdated 3
IPCA- Above 545 looking for a small bounce Longer Term Break of Rising Trendline is required for big downside moves. In current scenario, If prices go above 545 then we could look for a small upside move till 551 -in the top of evening star head. In coming session if it goes to 550-552 zone & falls below 537- We shall be bearish again till logical target of Rising Trendline as shown in previous update.by WaveTalks2
IPCALAB- Waiting for trendline to breakLet the trendline be broken- & possibly below 500- it starts showing the pressure.Shortby WaveTalks3
IPCA(H)- Can We Nail It?- Jackson Hole SummitCloser Look of how this corrective pattern is opening up .. Hourly chart for reference & clear picture to action- likely going below 420-422 -It will confirm that iv? is in place. One can trade if it goes below 500 & breaks the trendline or going below 500 & bouncing back & not taking out the recent swing high shall be the signal for v?-wave in C-Wave. Regards, Abhishek H.Singh, CMT Shortby WaveTalks4
IPCA(4H)- W-X-Y Move & Reverse-Jackson Hole EffectW-X-Y Moving Going On - A Complex Correction Y -Wave equals 161.8% of W-Wave @567.. We shall for Jackson Hole Summit to its desired effect. Likely Breaking of Trendline & Going Below 500- IPCA should rush to 360-370 zone. Regards, Abhishek H.Singh, CMTShortby WaveTalks4
IPCA(Weekly)- Larger (2) Wave to complete@360-370Larger (2) Wave shall complete 61.8% of (1) Wave between 360-370. Regards, Abhishek H.Singh, CMTShortby WaveTalks4
IPCA(Daily)- Expecting v? wave@375 in C Wave-Jackson Hole EffectOnce the rising trendline gets broken- & possibly below 500- IPCA Labs can start its v?th wave & the final wave in Larger C-Wave. This v? th wave can complete in the range 365-375 where C-Wave equals 161.8% of A-Wave. Let us wait for Jackson Hole Summit. Regards, Abhishek H.Singh, CMTShortby WaveTalks4