We published about IPCALAB in February, 2020 and predicted a possibility of Multibagger returns This stock has managed to outperform giving almost 66% returns in just a year time considering the current price and it was up by 84% at lifetime highs made on 28th October 2020.
The stock was published even before the crash of March 2020 and still it outperformed with more than 66% return so far.
Below is the chart which shows a detailed analysis of IPCALAB which helped to predict this target levels using Channels, Moving Averages and Elliott Wave technique. We recommended this stock when it was quoting near the 1450 levels and was successfully able to catch the upmove. See yourself how we were able to catch the upmove.
Below is the chart showing detailed analysis published in our research report –“The Financial Waves Multibagger Update” in February 2020 even before the crash of March 2020
IPCALAB Industries Limited weekly chart: (Anticipated as on 13th February 2020)
Happened: Till Date Daily Chart
(Following research is taken from Multibagger report published on 13th February 2020)
Multibagger stock recommendation: IPCALAB
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 February 2020- IPCA Lab had been a strong outperformer within the Pharma space. The ratio analysis of Ipca lab with Pharma index shows a strong rise which clearly indicates that even when the pharma cycle had been negative this stock had continued to show multifold rise.
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 190 weeks: Prices have been forming lows every 190 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 at CMP of 1422 and more on dips towards 1250 levels.
Channels have continued to work amazingly well and the stock might be headed towards the target of ……. over next 2 to 3 years with …… as the crucial stop to be maintained which is the area of prior wave (3).
In a nutshell, buy IPCA Lab at cmp of 1450 in staggered fashion with dips towards 1250 keeping a stop of ….. for target of near …… levels.
Happened as on 22nd April 2021 –It has touched its new lifetime high near 2460 levels on 28th October 2020 (up by 84% despite of March 2020 crash).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 66% even now.
As a long-term buyer of equity, one should not wish for market to go up in straight line. It’s the volatility that creates opportunity to earn exponential returns. Get access to our Multibagger report to know here to invest next! That will help you capture such strong trend but one should maintain stoploss.
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