IPCA LAB

Last year idea failed and taken SL now its consolidated 1 year and now once again trying to breakout "tradingview.com/chart/IPCALAB/fi2FuHYE-IPCA-Laboratories-Weekly-Technical-Analysis/"

Ipca Labs has successfully completed a Cup and Handle breakout on the weekly chart, indicating a strong bullish setup after a prolonged consolidation phase.

After forming a double top and undergoing a nearly 12-month consolidation, the stock recently formed inside candle on 13nov 25 and traded in small range near 2 months and now trying to break higher levels of 1520-30 which is 1 year consolidation breakout level.

🔍 Key Technical Highlights:

✅ Pattern Formed: Weekly Cup and Handle retest and 12 month range breakout

📉 Previous Structure: Double top ➜ breakdown ➜ 12-month range consolidation

🔼 Retest Zone: ₹1320

✅ Retest Completed: Confirmed on weekly chart with supportive volume and price stability

🎯 Upside Targets:

Short-term: ₹1600

Medium-term: ₹1700

Long-term: New All-Time High (above ₹1750+)