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+)
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+)
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