After a massive five wave upmove. A 3 wave ABC correction is noted. A wave is an impulse, B as a running traingle and C as a impulse. the correction seems to be near completion or complete. Buy on signs of reversal for longer term. Rewards could be astonishing in times to come.
Lupin is one of the top Pharma companies with an excellent Balance Sheet, Sales Revenue growth and a very good future.
From long term investment point of view, this is an excellent company to have in your portfolio and current levels of 1250 are an excellent entry.
One can add more if it dips further as this stock itself promises to give 20% + returns within or...
after a long consolidation of two years lupin is charged for breakout. backed with strong fundamentals and upward movement of nifty, lupin can touch 1650 in short and 2000 in medium to long term.
Technically speaking, Lupin Limited stock price is right in the middle of strong support and resistance areas. Given the possibility general equity shake up during the Fed meeting, it is unlikely that it can cross 1700 easily on the upside. Besides there is always a possibility of some black swan event to punish the pharma stock lurching around the corner which...
