Once again IPCALAB will be enter into new territory.Double Bottom ADAM and EVE pattern made in 15 min time frame at end of flag pattern which is forming day candle frame. Those patterns are supposed to hint that it will try to make new high again and breakout previous resistance which is 1850.chart analysis show very bullish if the breakout happens at 1757 and easy to achieve the safe target 1798. Stoploss should as per individual appetite.
Trade ideas
IPCA Laboratories Limited - About to breakout from Pennant !IPCA Laboratories Limited
IPCALAB is trading at the upper Bollinger band, ahead of pennant formation breakout. It is taking a good support from mid-Bollinger Band.
Technical Indicators are BULLISH.
TIME_TREND indicator is BULLISH.
Technically 1660 can consider as an immediate breakout level.
KEEP AN EYES!! #B+
IPCA LABS - INVESTMENT IDEAIPCA LABS is on a strong footing and is well placed to capitalize on the growth
opportunities across the domestic and export markets.
It is expected that the stock will see a price target of Rs.1814 in 8 to 10 months time frame on average P/E of 29x and
FY21 (E) earnings of Rs.62.56.






















