Current situation is that stock is in the acummulation distribution zone . May be Distribution is over & this is the accumulation zone therefore , stock is goe's on sideway zone for prepare for upside . But then be all ways be alert.
Hello Investor,
If you want to invest your money definitely you can see the post.
In my opinion, this stock will go to upside but before invest your money in this stock, You have to follow the Stop- Loss.
#IPL
Buy-Above 330
Sl-300
T-370 395+
Above 350 Trail sl to cost. The stock has made double bottom. Neckline is 340. We are trying to build our position from 330 only.
IPL has been underperforming. seems like all the selling is over. Range is getting narrower for a breakout. closing stoploss of 300 and a target of ATH. double the Quantity on close above 334
Ipl clear breakout but it's will confirm if it's touch 333 . And it's will become very strong if it's cross 343 . Let's keep eye's on it. Fundamentals are very good. Strong balance sheet and good r&d driven product profile.
Company came up with superb Q1 results.
Technically also looking bullish.
Strong pullbacks in last few candles after breakout.
This post is for information purpose only.
