IPCA LABS MAKING OUTSTANDING CUP AND HANDLE PATTERN

The stock has been forming an cup and handle pattern on the daily timeframe lately it can give breakout anytime soon and looking from a long term perspective the stock can shot up to 2000 levels (6-8) months

1274 will act as a crucial support in any case of potential downside .

The PE of the stock is around
60 which is quite concerning and indicates a pretty high valuation however the technicals seems alright and quite optimistic

The cup had taken around 3 years in formation which indicates a very mamoth consolidation from 2021-24 and a short handle which got initated in the month of may and is now is in ts's final stages

Piotroski score
7.00
ROCE
12.8 %
ROE
9.35 %
Stock P/E
61.6