IPCALAB

had been facing strong resistance in the Rs 1,520–1,550 zone for a long time, with multiple failed attempts to move above this level since early February last year. Recently, the stock has decisively broken above this resistance, confirming a horizontal trendline breakout on the daily chart. This breakout is supported by a strong follow-through move and a clear rise in volumes, indicating genuine buying interest rather than a false breakout. Trend indicators also support the positive outlook. The DI+ crossing above DI– on the ADX suggests strengthening bullish momentum and the start of a fresh upward trend. Additionally, Bollinger Bands have started expanding after a phase of contraction, signalling increased volatility and the beginning of a directional move. The stock has also closed above the upper Bollinger Band for three consecutive sessions, which reflects strong upside momentum and sustained buying pressure. Conclusion: With a confirmed breakout, improving volumes, and supportive momentum indicators, Ipca Laboratories is showing a clearly bullish technical structure. The risk–reward remains favorable at current levels. Trading Strategy: Buy Range: Rs 1,565 – 1,575 Stop-Loss: Rs 1,520 Target: Rs 1,680 (short term)