IPCALAB trade ideas
IPCA - Strange ConsolidationIPCA - Has gone into consolidation immediately after the long volume candlebar. AVWAP proving a strong resistance. Need to cross the AVWAP with volumes for next big move. Similar consolidation happened earlier also as highlighted in Chart.
DISC: Not a SEBI Registered. I post charts for my own study.
IPCALABS if stabilises can see the upside. NSE:IPCALAB is currently at the FIBONACCI LEVELS of 0.618 , and if it sustains this level we can see it going upwards from here. While ParabolicSAR is not giving a clear indicator, however if the share maintains the upside in the upper StocRSI BAnd, the stock can stand the rally.
No Big Bets.
Disclaimer: The analysis is for the education purpose. Kindly consult your financial advisor / agent / broker / dealer before making any trade.
IPCA on 52Week highIPCA is movig in a smooth channel. It is in 52week high zone, in a good momentum and RSI is showing good signs.
INVESTMENT BUY IPCALAB 2140-2100 SL 2000 TG 2300-2400-2500INVESTMENT BUY IPCALAB 2140-2100 SL 2000 TG 2300-2400-2500
R-0111 IPCA LAB moving towards 1900 and beyondBuy IPCA lab at the CMP with SL 1776 for intraday and SL 1730 for short term and for TGT >1900
MACD cross over
TK cross over
Huge volume buy
R-0081 Cash Buy IPCALAB @1778.00-1780 SL 1744 TGT 1840Short Term Cash Buy IPCALAB @1778.00-1780 SL 1744 TGT 1840
TK cross over with MACD buy with good volume
IPCA bullish flag break out The Major pattern is the Broadening pattern which stock is following since last year October 2019, it has almost doubled from then.
but if you see from April2020, the stock was consolidating sideways forming channel pattern. So indirectly it contributed towards flag formation, it has broken upside.
Technically,
There are 2 Targets , Channel and Flag Formation
T1 = 1900
T2 = 2400 ( I can't draw the target over here beacuse of screen Limitation) Duration: 3 Months
Stoploss is below channel resistance
Strategy : get to first target, take out the profit and if price is sustain over 1900 ,take the long position.
After looking more than 90% of return from last year, T2 doesn't seems reasonable.
But Current Business scenario of IPCA favours it to some extent.
Reason : They are stronger in Biologics, Tommorow if any vaccine comes IPCA will definately contribute in "producing" it. They have something more to offer than "Hydroxy Chloroquine"
See the Volume growth from April, Product basket and intrinsic capacity favours to get over current Pandemic.
Long IPCALAB Buy position Risk reward ratio is 1:1.5On technical chart IPCALAB look strong and can achieve our target.
We are not SEBI registered.
Short Setup of IPCA In day or weekly Time Frame !Lol I know Its confusion getting lots of lines but don't worry you can IPCA lab with stop loss 1650.
Looks weekly :
Shown rejection in weekly
Conclusion: in All tie frame It's looking for Short opportunity.
Thanks
Buy IPCA for target 1730 with stop loss 1583 IPCA will not only survive , but outperforme other stocks. World is falling because of the fear of poor Q1 results. On the other hand , IPCA will have Huge growth in profits.
*IPCA LAB RS 36.31 CRS NSE BLOCK TRADE FOR~ 224839 SHARES, AT RS 1615* #IPCALAB - on 30th april
IPCA LABORATORIES : BEARISH FOR SHORT TERM Hey guys,
IPCA is trending stocks nowadays
I am bearish in a short time frame due to the monthly time frame
expected to touch at 1200-1300 level
What do you think?
Buy IPCA if tomorrow there is not any gap down at openingToday, we have seen the Doji formation and stock retrieve from its weekly support, so stock is likely to remain its channel. First target should be 1340 to 1345 level.
also go through previous formation at this support level, you could see doji, bullish engulfing and hammer formation.
Safest buy call will be at 1300 Rs, this price will make sure the stock is at 55EMA.
W724. w4(ab) c in progressShorting of this stock is dangerous, but need to wait for 840 level for medium term investment with sl of 820 and target of 998
Sl compulsory
seem like had a great breakout and will soon to test higher areaentered in supper bullish area soon to test higer level of 700 720 750
IPCALAB Short term positional callIPCA Laboratories Ltd Trading technical call for positional
CMP: 605, Closing basis SL 591, Targets 620 630
Technicals:
* Double top breakout
* Support on Resistance line
* Swing trading
* Breakout Retracement
IPCA LAB OPPOTUNITY TO BUYthe stock is likely to form bottom at 510-525 levels, results are on 10/02/17.
