IPCALABIPCALAB fut breaking out of rounding/saucer pattern on an hourly/daily charts with decrease in OI suggesting shortcovering.
Risk:Reward = 1:2.5
Could be bought with mentioned stoploss & target.
Not to b missed.
IPCALABIpcalab future broke above strong one month resistance of 885 & its trading above it comfortably with huge OI build up.
Also its on the verge of breaking out of triangle pattern on daily chart, if it breaks past 916 then add more.
Buy here & add more above 916 with mentioned stoploss & targets
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Frequently Asked Questions
The current price of IPCALAB FUTURES is 1,598.40 INR — it has risen 1.57% in the past 24 hours. Watch IPCALAB FUTURES price in more detail on the chart.
The volume of IPCALAB FUTURES is 159.25 K. Track more important stats on the IPCALAB FUTURES chart.
The nearest expiration date for IPCALAB FUTURES is Dec 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell IPCALAB FUTURES before Dec 26, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For IPCALAB FUTURES this number is 155.35 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for IPCALAB FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for IPCALAB FUTURES. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of IPCALAB FUTURES technicals for a more comprehensive analysis.