2024-12-23 10:55:14 am | Source: Religare Broking Ltd
Stock of the day : IPCA Laboratories Ltd For Target Rs. 1670 - Religare Broking
IPCA Laboratories Ltd
* Decent traction is seen within the pharma space, where IPCALAB is the most resilient counter within the space.
* Recently, stock has formed a double bottom above the 100 DEMA levels and bounced to give a breakout above its channel.
* Post breakout, stock sustained the levels; decoding the bullish setup is still intact.
* Traders are recommended to accumulate the stock for further upside to reach previous all-time high levels.
Buy IPCA Laboratories Ltd CMP 1585 Range 1582-1586 SL 1540 Target 1670
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Renault Group to buy Nissan`s 51 pc stake in India J...
Biotechnology remains a priority sector in India, sa...
Gold Hits Record $3,125: Soaring 19% in Q1 Amid Tari...
India remains strong growth pillar for Nissan as fir...
World Backup Day: India`s DPDP Act to enable Indian ...
New tariff policy for pipelines on anvil to reduce c...
India committed to sustainable energy through nuclea...
Indian specialty chemicals sector`s 7?8 pc revenue g...
Fundamental Stock Pick: CSM Info Systems Ltd by Nirm...
Stock short selling at over $1.16 bn on 1st day of r...
