I know it rallied the most but for short period one can buy... it formed flag pattern and another breakout can happen... take bull call spread with reduced risk of 5k (buy little Out of The Money) once you see the breakout of Days high.
LUPIN, All pharma stocks are bullish now , but there is a good Weekly and Daily coinciding supply 997-1083 there is a level-on-level also cmp:957 11 aug 2020 Stock is in uptrend, so even it may work in the supply zone, as the sector is bullish and Lupin is also bullish, Risk, Reward may not be favourable.
#lupin - Next trade on my radar Bat pattern support zone 858-851, this pattern is again important because its prz aligned with daily support at 849 levels.
Stock holds a good support near 790-800 levels, the same levels acted as strong resistance in the past and when crossed stock did spend some time near those levels and then moved upside. Hence any dip in the stock if happens , price action near those levels should be watched carefully.
LUPIN might bounce within the descending triangle before breakout....possible movements shown...
Lupin is trading sideways for a while, possible downside if breaks 416 the target is around 900 zone multiple wicks can be seen on the downside .. resulting in exhaustion of demand zone (buyers ) break expected breaks level of 416 target zone shown
Wedge formation taking place target -940 b/w 2-3 days stoploss- 900 if trendline get break then can get level at 880
Lupin has rising wedge, if it break channel then go for short. Target on chart.
Bullish Bat | Lupin | 15 Min TMF Prz Zone - b/w 810 to 818 Stop Loss - 800 Target 1 - 835 Target 2 - 840 Target 3 - 860 - 865
NSE:LUPIN 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.