IPCA labs short

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- Excellent stock for entering short

- Every time the stock hits its the trend line it bounces back to its 50 DMA which lies somewhere around 770 levels

- Note dropping volume, indicating that sellers are taking the toll

- RSI is just hovering near to oversold zones

- MACD is indicating loss of momentum

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Nota
Made a low of 917. Further downside is awaited
Nota
on a Short term basis, the stock has reversed from its monthly support levels.
ipcalabstradingviewTrend Analysis

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