Lets Read The Chart And Observe It
If you see the tail candle of 9th March 2020 week you can clearly see prices was rejected from the low of 504 and close at 605 volume was also good (Above Average).
Next candle of 16th march 2020 is also bullish candle with higher volume than previous candle. The 23th march 2020 candle was strong...
Lupin is in critical condition as per actual chart pattern. Because it shown in F&O short buildup and daily chart also showing negative. Last four hour price shows some positive movement. So if price for Monday first 15 minutes close below the support line then we can see around 5 % lower level from here .
100-week average support is located at Rs. 790. Stock found selling pressure around 840 earlier this month and that has put brakes on the rally. However, this pause will likely recharge engines for the next move higher as the weekly RSI is also reporting a breakout...
Lupin surged 20 percent last week.
Price rise was backed by highest trading volume since August 2018.
The high volume rally looks to have legs
Prices are flaring with the long-held the 100-week moving average at Rs.790. Acceptance higher looks likely and could be followed by a rise above Rs. 1,000.
Buy at CMP or dips for target of 1,000 with tight stop loss.
Lupin recent low 500 to now 1 way up to 798 level.
near 818 seen some resistance if not sustain abv or cls then profit booking start.
its my view.
before taken any position plz ask your financial advisor help.