IPCALAB Ascending Triangle !!NSE:IPCALAB
IPCALAB formed beautiful Ascending Triangle !!
All the levels marked !!
IPCALAB trade ideas
Panic Buying in IPCALABConditions Meeting:
1) Strong Stock
2) 50% Retracement from All time high.
3) Panic Buying after huge gap down opening.
4) Currently Pharma and Medical Sectors are booming.
Entry price range = 700 to 720
Stoploss Planning = Max Stoploss at 687
Profit Planning
1) Target 1 = Book 50% Qty at 1000 Price Level
2) Target 2 = Book 25% Qty at 1250 Price Level
3) Target 3 = Exit Completely when Sector starts reversing or the stock starts Reversing
IPCA Lab further correction IPCA Lab further correction ahead from 10 to 30 %
Broken trendline and ready for a correction
IPCALAB Low Risk Big Profit IdeaAs per my analysis, 707 level was strong resistance of NSE:IPCALAB . Now resistance has been brake and sustained above 707. My idea is to take buy entry at level of 707 with stop loss of 666 (-41 Points Risk). My expected upside target would be 766 (+59) & 966 (+259 Points).
It could be jackpot idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
#IPCALAB #Descendingtriangle #Breakout #CUPandHandle#IPCALAB formed beautiful cup&handle and longterm ascending triangle...
marked the levels on chart for learning
IPCA Laboratories Positional View Monthly Analysis @ 28 04 2023IPCA Laboratories Positional View @ 28 04 2023
IPCA Laboratories Positional View Monthly Analysis @ 28-04-2023
I Consider this is the Best Opportunity for Ipca Laboratories
I will be more Happy if i get another dips, Will Update this idea & decisions in coming months
Always Trade What You See not What You Feel........
"Be Fearful when others are Greedy and Greedy only when others are Fearful " - Warren Buffett
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Than You Universe 🙏🙏🙏💐 Thanks to all my Teachers ....🙏🙏🙏💐
IPCALABIpcalab broke out of descending triangle pattern on daily charts with good volumes.
Could be bought with mentioned stoploss & target.
IPCALABIpcalab broke out of descending triangle pattern on hourly TF with decent volumes.
Could be bought with mnetioned stoploss & target.
Ipca lab Ipca lab good for a pattern breakout one can add at current levels
Ask your financial advisor before buying
Only for educational purposes
#IPCALAB #MOREPENLAB #DRREDDY #LAURUSLABS #DIVISLABS #AUROPHARMA#IPCALAB
NSE: IPCALAB
CMP: 864
TP: 980
SL: 840
TF: <6m
RR > ~4.5 times
Return > 13%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
IPCALABIPCA is placed @ strong congestion zone which it did clear in the morning but could nt sustain above 900-902 levels, sustaining above 900 with good volumes suggests it ll overcome will give a good breakout,
Could be bought here @ cmp 901-902 with menioned stoploss & targets.
IPca LAB can give 10-15% moveIpca lab base has made and now can move 10-15% upside
keep sl as 850 closing basis
IPCA LABORATORIES : Potential Harmonic Reversal The idea here is about Ipca Laboratories:
Ipca Laboratories Ltd is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments.
1. Bullish Cypher pattern completed on a daily chart potential trend reversal expected. However, if the trend continues downward then the pattern is nullified. Out of Falling wedge trend at the moment.
2. What is Cypher Pattern? Explained in the below image:
3. Double top completed and currently looks like a Double bottom pattern under formation as per chart at the time of publishing.
4. Trading way below 20 & 200 EMA on Daily chart & between 20 & 200 EMA on a weekly chart.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, Weekly chart is Strong bearish & Strong Bullish on monthly chart.
6. RSI is at 30.37 on a Daily Chart at the time of publishing. This indicates almost oversold at the time of publishing.
7. MACD below signal line on daily chart, and converging towards signal line.
8. Hull Moving average on a daily & monthly is sell & on a weekly chart is a buy.
9. Wait for trend reversal & retest may be for long entry (short term). However, keep in watch list for the week & alert for price momentum.
Projected targets as per Cypher Pattern provided in the chart.
Stop Loss: Provided in chart as per Cypher pattern.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Buy With Proper Stoploss
Pattern Never work lonely
here is a 20 - 50 average cross-over already done
third attempt of 200 sma
moreover cup handle pattern made already handle
in near days result will announce and as per my theory price Discount everything news, events and emotions.
So be careful and keep your stop loss tight
My view on IPCALABIPCALAB forming inverse head & shoulder pattern
looking target 1040-1050-1070++ in very short term
Keeping on radar IPCALAB 1020 CE
IPCA LABSNON LOG: Weekly TF, Price is at a strong support. THere may be some volatility at this level, which when broken will target 775
bullishshort term
entry : 1100
target:1300
use 50 ema
short term
entry : 1100
target:1300
use 50 ema
Fibonacci LevelTaking support at Fibo retracement levels. Sharing a technical view only
Disc: Not holding and not a buy / sell recommendation
IPCA Laboratory. T/L B/O.IPCA Laboratory. Trend/Line B/O. Moreover less increased in recent RUN UP of Pharma. Check.
IPCALAB - CUP and HANDLE Formation IPCALAB - Long targets for upcoming week. Tentative 15% move on the upside.
Diagram depicts that if the trend continues then we can get beautiful targets
IPCIPCA was trading in descending channel since january & it broke out of with good sets of volumes on bigger timeframes i:e daily & hourly.
Should be bought with mentioned stoploss & targets.
IPCALAB - Bullish engulfingA bullish engulfing candle has been formed on the daily time frame suggesting a good move in the upward direct is very much possible.
There is a good consolidation zone being formed and a breach of the zone(resistance) would surely give a good upward movement in this counter.
For buying the stock should be trading above the levels of 1069 and on the other hand if prices fall below 1056 we could see support areas.
Do not look at the huge red candle as that was the stock split.
Above the zone any big buying that happens will take the price up.
All the best
Your feedback is highly appreciated
