IPCA Laboratories Ltd. – Potential Trend Reversal at Base Formation

has been in a downtrend till September but appears to be forming a base near ₹1300-1320. A surge in volume coupled with a bullish candle pushing above short-term EMAs indicates a potential trend reversal. Resistance is near ₹1400; breaking this could lead price toward ₹1480-1500 levels. Key downside support remains at ₹1320; falling below this would test lower support zones around ₹1280-1300. Positive bias confirmed only above ₹1400