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
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
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?
Today, 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.
The chart shows larger degree impulse wave followed by a larger degree 3 wave correction retracinf near to 61.8%. The stock can be accumulted for good gains in coming years...
