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
There is a shark pattern formation on the weekly chart of LUPIN Ltd.
Chart structure is still weak, though we can see some positive price action at the harmonic pattern support i.e 590 --600
Sustaining the same, we could see some bounce in the stock uptill 700 levels initially.
applicable only when close is above 2 lines .if gets closed above, this is expected to touch the upper line , purely indicator based , exit the trade once the line get touched .
LUPIN at a very crucial level and expected to reverse from this point.
Very High Risk : Reward trade.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
LUPIN pharma is in downtrend and it likely to hit major support @558 one can look to place buy order here as this is big weekly support and wait for one green weekly candle close above 558 for confirmation also stock is completing a rounding top pattern let's wait for bit more then jump. #Robinhood Investment #Prediction analysis. Don't copy try to learn no one...
As We Can See On A Daily Time Frame Of Lupin Pharma Stock It Had Formed A Inside Candle, So On Monday Whichever Side Give Breakout Simply Take Trade And Hold Till Target
Note: Only Take Entry When Stock Open Flat To Normal Gap up, Otherwise Avoid The Trade.
Trade At Your Own Risk It is My Personal View What I think About So Trade Safe According To Your Risk Apetite.
