IPCA Laboratories Ltd – Technical View

📊 IPCA Laboratories Ltd – Technical View After a long consolidation, the stock has given a strong upside breakout from the Falling Wedge, supported by rising volumes. Price has now moved above the 20 & 50 DMA, indicating short-term strength. The move also confirms a higher-high formation, shifting the bias positive. However, the stock is approaching a major supply zone / previous top, where some profit-booking cannot be ruled out. 🔹 Resistance: ₹1550–1600 🔹 Support: ₹1450 | Major: ₹1365 🔹 RSI: ~60–65, bullish but nearing overbought 🔹 Volume: Breakout volume visible 📈 Bias: Buy on dips while above ₹1450. 📉 Below ₹1365, structure may weaken. 📜 SEBI Regd RA | AALGO BREATHS (INH000019886) ⚠️ Educational only