Ipca Laboratories Limited Stock Forecast
Green day on Tuesday for Ipca Laboratories Limited
(Updated on Apr 30, 2024)
The Ipca Laboratories Limited stock price gained 0.420% on the last trading day (Tuesday, 30th Apr 2024), rising from ₹1,333.15 to ₹1,338.75. During the last trading day the stock fluctuated 2.31% from a day low at ₹1,331.90 to a day high of ₹1,362.70. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 756 more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately ₹10.68 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.46% during the next 3 months and, with a 90% probability hold a price between ₹1,410.57 and ₹1,591.00 at the end of this 3-month period.
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IPCALAB.BO Signals & Forecast
The Ipca Laboratories Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹1,334.02 and ₹1,252.49. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -1.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ipca Laboratories Limited stock
Ipca Laboratories Limited finds support from accumulated volume at ₹1,313.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹30.80 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: ₹1,283.54 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (IPCALAB.BO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Ipca Laboratories Limited to open at ₹1,344.45, and during the day (based on 14 day Average True Range), to move between ₹1,300.82 and ₹1,376.68, which gives a possible trading interval of +/-₹37.93 (+/-2.83%) up or down from last closing price. If Ipca Laboratories Limited takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,339.60 (0.06%) than the support at ₹1,313.65 (1.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ipca Laboratories Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ipca Laboratories Limited stock to perform well in the short-term.
Current score: 1.437 Buy Candidate Unchanged
Predicted Opening Price for Ipca Laboratories Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₹1,344.45 ( 0.426%) | ₹1,338.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPCALAB.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,375.25 | 2.73 % | |
| R2 | 1,363.48 | 1.85 % | ||
| R1 | 1,356.22 | 1.30 % | ||
| Current price: | 1,338.75 | |||
| Support | S1 | 1,332.68 | -0.453 % | |
| S2 | 1,325.42 | -1.00 % | ||
| S3 | 1,313.65 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,352.50 | 1.03 % | |
| R2 | 1,341.85 | 0.232 % | ||
| R1 | 1,339.60 | 0.0635 % | ||
| Current price | 1,338.75 | |||
| Support | S1 | 1,313.65 | -1.87% | |
| S2 | 1,241.40 | -7.27% | ||
| S3 | 1,199.60 | -10.39% |
IPCALAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | ₹2.00 | 0.184% |
| 2 | Nov 22, 2022 | Nov 22, 2022 | Dec 07, 2022 | ₹4.00 | 0.468% |
| 3 | Jul 27, 2017 | Jul 27, 2017 | Aug 30, 2017 | ₹0.500 | 0.240% |
| 4 | Jul 22, 2015 | Jul 22, 2015 | Jul 22, 2015 | ₹1.00 | 0.290% |
| 5 | Jul 18, 2014 | Jul 18, 2014 | Jul 18, 2014 | ₹2.50 | 0.585% |
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