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
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