IPCA Laboratories – Weekly Technical Analysis IPCA LABORATORIES LTDNSE:IPCALABYogesh_35📈 IPCA Laboratories – Weekly Technical Analysis (For Study Purpose Only) 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 6-month consolidation, the stock recently broke out above the neckline and range of ₹1320–₹1510, followed by a textbook retest of the breakout zone, which further strengthens the breakout's validity. 🔍 Key Technical Highlights: ✅ Pattern Formed: Weekly Cup and Handle retest and 6 month range breakout 📉 Previous Structure: Double top ➜ breakdown ➜ 6-month range consolidation 🔼 Breakout & Retest Zone: ₹1320–₹1510 ✅ 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+) 🛑 Risk Management: Stop-Loss: ₹1480 or (below retest zone) 📊 Supporting Indicators: RSI trending upward, currently above 60 (bullish zone) MACD crossover confirms positive momentum Volume confirms strength during breakout 📌 Disclaimer: This analysis is for educational and study purposes only. Not a buy/sell recommendation.