#IPC
The price has been moving in a bearish flag since April 2022
We have a strong support area from which the price rebounded
We're about to go up
This rise is supported by the moving average 100 breaking
The price now is 5.33
First goal 7.85
Second goal 7.83
As 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...
A 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...
