Ipca lab crossing long falling trend line also closed above resistance line on weekly time frame.
Overall pharma sector seems to be on uptrend and IPCA is new candidate.
We can expect 1050 levels and more. Keep SL of 8-10% and add after crossing every resistance levels.
May be soon can expect ATH.
HAPPY INVESTING.
just sharing for knowledge purpose.
It looking Auro finally getting on reversal trend. Breakout of falling long term trendline after 2 years, spike in volume & also crossed 200 DMA.
R1 -570 - Major hurdle which is also multi year support, once it break can see good up move.
Short term target 570, T2 605 with SL465. Long Term 750 min once it sustain above 565. So please keep adding at every level...
Donear in continous uptrend with good volumes. Once breaks 120 levels can expect 170 and more.
I will add small qty and more above 120 levels.
Financials overall look good with promoter holding 75% and no pledge.
Godfrey Philips has given ATH breakoutnof 2015 levels and touched high 2149 return of 30% and now again retested 2015 levels of 1663.
Very good setup with good RR.
