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.
LUPIN (Lupin Limited) BUY ABOVE 768
Buy LUPIN ltd if closing price is above 741-42. Short LUPIN ltd if closing price is below 722.
AS PER DAILY CHART HISTORICAL SUPPORT ZONE (HORIZONTAL LINE), AROUND 635......LET SEE ITS BREAK OR MAKE
SELL below 735 SL 736.5 Targets 732, 730, 728, 725, 720 OR LUPIN 29AUG 730 PE (₹13.50)
Double bottom formed in LUPIN as formed in Nifty Pharma sector, and RSI has to enter into the bull zone which is above 60 to continue the uptrend.
LUPIN cmp 735 Long above 750 suggested. Stop 715. Target 800 plus. Logic: 1) Stock trading at support zone. 2) Bullish divergence in MACD observed. 3) Support zone + Bullish divergence has had a strong counter trend rally in the past.
Lupin LTD is still stuck in well entrenched downtrend. The moment it tries to gather itself up, some bad news hits the stock. Latest development is that USA is moving towards some kind of price manipulation of drugs. This news has hit majority of Indian pharmaceutical company stocks and they all are moving in the same downward direction. But well, we all know...
one can buy lupin above 755 keeping stop loss of 737 , target can be787... just my view , do it on your own risk.....
short has been generated on lupin, one can short below 752 keep stoploss of 763, 1st target is 749,2nd targ is 421..... do it on your own risk