Multibagger stock Ipca Lab: 36% returns in just 2 MonthsMay 21, 2020
Despite such eventful and volatile market there is one sector which has sustained in near term in its upward direction i.e Pharma sector. We identified the booming sector and grab the opportunity to capitalise on Multibagger stocks in such scenario.
See below how Ipca lab performed that we recommended just 3 months ago.
IPCA Lab had been a strong outperformer within the Pharma space. It is one such stock that we recommended in our Multibagger research report based on various studies like Time cycles, Elliott wave, indicators.
Ipca lab weekly chart:
(Following research is taken from Multibagger report published on 13th Feb 2020)
Multibagger stock recommendation: IPCA Laboratories
Buy Price – Buy in staggered fashion at CMP 1422 and more on dips towards 1250
Time Horizon –2 to 3 years
Investment – 5% of capital
Target price –given in actual report
Stop loss – ???
Anticipated as on 13th Feb 2020–We are showing the weekly chart of the stock since 2000 onwards. There is a clear impulsive trend within the channel and prices are now in cycle degree wave (5). Within this cycle wave(5) we are currently moving higher in the form of primary wave 1.
Time cycle of ….weeks: Prices have been forming lows every ….weeks and the same cycle has now bottomed out. The above chart is of log scale and the arithmetic shows near vertical up move. During such times it is best to buy this stock in staggered fashion.
Channels have continued to work amazingly well and the stock might beheaded towards the target of ….over next 2 to 3 years…
In a nutshell, buy IPCA Lab at cmp of 1422 in staggered fashion with dips towards 1250 keeping a stop of …. for target of near …… levels.
P.S- Levels are hidden purposely. Kindly use this research for study purpose only.
Happened as of now – The stock has been moving in sync with our expectation and currently quoting near 1647 levels. It has touched its new 52 week high near 1825 levels in the month of April 2020. The up move has been strong and we expect prices to achieve its target of …..levels in coming months. The stock is giving a return in excess of 36% from the high made in just 2 months of time
The above analysis clearly shows how one can identify the stocks from positional investment perspective just with the help of Elliott wave, time cycles and other advanced indicators.
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