#LUPIN CMP 801.45 Possible short term bottom formation. Showing Inverted H&S formation on Daily charts. Upside break above 826 will quickly lead towards 926, which is also the 200 DEMA, and is likely to be a strong resistance
one can buy lupin above 755 keeping stop loss of 737 , target can be787... just my view , do it on your own risk.....
short has been generated on lupin, one can short below 752 keep stoploss of 763, 1st target is 749,2nd targ is 421..... do it on your own risk
How 200 DMA decides fate of a stock. Lupin is a good example. Have a look at this long-term chart. Several time price reached 200 DMA during uptrend. When price was in down-trend, price tried to reach again to cross this significant MA but failed. Even it could not surpass 100 DMA. Now we can watch price to come close to 100 DMA for trading on the short side....
- Double Top as per monthly candle. - Stoch RSI started +ve divergence but as of daily, we can see more fall till the parallel bottom is reached. - As per nifty trend, expecting this bottom to be made this month. - 2.618 reaches till 530. - only for study purpose
Lupin is in a medium term recovery phase could test 1200 and 1400 in 6-8 month duration.
LUPIN at demand zone as well as SUPPORT LEVEL, one can wait for entry above 900
Previous Lupin short term trade stop los hit. However this chart is for Medium to Long Term perspective. Good buy zone 973-993 De-risk the trade at 1050 and continue to hold for bigger targets of 1160, 1309 and 1400+ Price is now at second/strong support of 973-993 after breaking previous support of 1010-1020. Pharma sector had its bad days since last 2years,...
Price retrieving back to immediate support, with small correction. Overall this stock is very bullish. Buying zone - 1014 - 1021, SL 1010 Targets - 1066, 1157, 1310, 1480 For long term investors, SL can be placed at 965 and targets of 1450 and beyond.
with the bullishness in pharma industry due to fda approvals(40% of us market) and lupin has bottomed out with a trend reversal,which is visible in our charts. a conversative setup for a short term enter at around 990 with CBSL of 920 and target of 1045 newslink given below www.financialexpress.com