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Ipcalabs

Can IPCA Break the trend?Ipca Laboratories Ltd. engages in the manufacturing, marketing, research, and development of pharmaceutical products. Its products include Hydroxychloroquine Sulphate, Artemether and Lumefantrine and Acceclofenac and its combinations. The Company has 18 manufacturing units in India manufacturing API's and formulations for the world market. Ipca Laboratories Ltd CMP 1220.75. The positive aspects of the company are Mutual Funds Increased Shareholding in Past Month, Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High PE (PE=56.6), MFs decreased their shareholding last quarter, Declining Net Cash Flow : Companies not able to generate net cash and De-growth in Revenue, Profits and Operating Profit Margin in recent results. Entry can be taken after closing above 1225. Targets in the stock will be 1252 and 1294. The long-term target in the stock will be 1328 and 1357. Stop loss in the stock should be maintained at Closing below 1136. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:IPCALABLong
by Happy_Candles_Investment
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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IPCALAB
by Tron029
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
NSE:IPCALABLong
by ruelfernandes
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.
NSE:IPCALABLong
by OK_Rane