Ipca Laboratories (Technical analysis training Mumbai).

Market is all in its pre-election rally mood  and Modi dreams , but at tradingkamai.com  after this 1 month of super rally we are cautiously trading.  We have three days of holiday so we have exited from all the stocks ( almost with some exceptions) for now and are looking for fresh opportunities for the coming 20 days.

In after market scan we have come up with a very risky trade IPCA. This trade is not for  faint hearted people because we are trading with out confirmation and when you trade with out confirmation you are in a mood of high risk and high reward.

The first positive thing in IPCA is it’s almost near its support line with a inverted hammer  chart formation. At trading we love such kind of free fall and the chart formation near support line. Now the confirmation of this hammer will happen on Monday but as said this is a bit of risky call so we are going to enter early.

You must be asking when you know it’s a risky call why to enter. Positive RSI and STS line very near to each other is making us more confident to enter this trade.

Word of caution if the market for some reasons falls we do not expect this stock to sustain. So watch nifty first in the coming Monday, wait for first half and see if IPCA trade above its closing and then enter at the best intraday rate. Call us and discuss about this stock in more detail 022-66752917

See syllabus for Technical analysis training in Mumbai, India.

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