IPCA Lab

Originally Posted by khenatram

IPCA lab has fallen sharply from last few days. Is it time to reinvest in it ? or wait for some more time?

Recent News on IPCA:

Source:The Hindu BusinessLine - Drug-maker Ipca Laboratories has said that there will be no finished drug exports from its Madhya Pradesh plant to the US, till it resolves certain “non-conformances” that it noticed and referred to the US regulatory authority.

Wait for it to settle down .... Let it trade flat for a few days. It has broken below 50 day EMA at 442 ... Next strong support is 200 day EMA is at 383 ...

Keep a close watch in coming weeks. If it bounces off 200 day EMA convincingly, you can buy.