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+)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.