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.
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...
Happy New Year to all. New year has arrived with new opportunities. It is always good to start a new year with profitable note. Our short NIFTY and other selected stocks positions ( via puts of courses ) is well in green and now it looks like the test of solid support levels near 8200 / 8000 is inevitable in coming sessions.
Many of the trades we have...
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...
As per the observations, it has made a breakout from downward trending line on daily charts and also building a bull flag pattern. I would be expecting a breakout from current levels to reach target of 1850 levels.
Target 1: 1760 Target 2: 1800 Target 3: 1850