With prices closing above all the important EMA the stock is looking technically strong. One can look to enter the trade above 771 with a target of 848 keeping a stop loss of below 732. RSI is reaching almost at the 60 level mark. Once sustains above the mark the stock should give some momentum. Wait for RSI to move above 60 on the DTF.
The views presented are of...
Lupin is looking good setup for tomorrow Lupin is in uptrend in 1 day time frame
it consistantly making higher highs in in 1 day time frame in 1 hr chart it took
correction it came to previous higher high its is acting as a resistance it is also looking
like head and shoulder pattern tomorrow it either breakout that resistance nor
it will give reversal wait...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
In Lupin, weekly chart
we can see 3 Peaks,
However basement is missing
followed by first roof which doesn't show a five wave pattern, as needed.
followed by a Roof, which normally has HNS pattern
