IPCA Lab - Observing Buy Setup

9 ago

CMP 1361 on 09.08.24
The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too.
Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.

13 ago

Nota

Trading near the breakout levels of 1380-90. Today, 13.08.24 may be a crucial day for further direction, as quarterly results are expected today.
We should act wisely and patiently in these conditions. We should keep our stop loss strict or exercise hedging if possible.
All the best.

16 ago

Nota

Near the support levels of 1310. It touched 1315. Let's see ahead.

21 ago

Nota

CMP 1410 on 21.08.24 morning. Near breakout levels. Keep tracking.

8 sept

Nota

Reached 1450 in recent sessions. Stay tuned.

24 sept

Nota

Reached 1509 in the morning today 24.09.24

9 oct

Operación activa

It crossed 1560 in the morning 09.10.24.

9 oct

Nota

Reached the target of 1600.

13 oct

Nota

Crossed the first target of 1620. Closed 1655 on 11.10.24.

14 oct

Nota

14.10.24
Crossed 1700 levels. Towards the next target of 1800.