IPCA lab has fallen sharply from last few days. Is it time to reinvest in it ? or wait for some more time?
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:
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 ...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.
Keep a close watch in coming weeks. If it bounces off 200 day EMA convincingly, you can buy.
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