100-week average support is located at Rs. 790. Stock found selling pressure around 840 earlier this month and that has put brakes on the rally. However, this pause will likely recharge engines for the next move higher as the weekly RSI is also reporting a breakout...
Lupin surged 20 percent last week. Price rise was backed by highest trading volume since August 2018. The high volume rally looks to have legs Prices are flaring with the long-held the 100-week moving average at Rs.790. Acceptance higher looks likely and could be followed by a rise above Rs. 1,000. Buy at CMP or dips for target of 1,000 with tight stop loss.
Lupin recent low 500 to now 1 way up to 798 level. near 818 seen some resistance if not sustain abv or cls then profit booking start. its my view. before taken any position plz ask your financial advisor help.
LUPIN (Lupin Limited) BUY ABOVE 768
Buy LUPIN ltd if closing price is above 741-42. Short LUPIN ltd if closing price is below 722.
AS PER DAILY CHART HISTORICAL SUPPORT ZONE (HORIZONTAL LINE), AROUND 635......LET SEE ITS BREAK OR MAKE
SELL below 735 SL 736.5 Targets 732, 730, 728, 725, 720 OR LUPIN 29AUG 730 PE (₹13.50)
Double bottom formed in LUPIN as formed in Nifty Pharma sector, and RSI has to enter into the bull zone which is above 60 to continue the uptrend.
LUPIN cmp 735 Long above 750 suggested. Stop 715. Target 800 plus. Logic: 1) Stock trading at support zone. 2) Bullish divergence in MACD observed. 3) Support zone + Bullish divergence has had a strong counter trend rally in the past.
Lupin LTD is still stuck in well entrenched downtrend. The moment it tries to gather itself up, some bad news hits the stock. Latest development is that USA is moving towards some kind of price manipulation of drugs. This news has hit majority of Indian pharmaceutical company stocks and they all are moving in the same downward direction. But well, we all know...