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 - Responsive Coppock turns Positive it is a long term long may be 1000+ coming this time
Lupin price is in onsecutive slide mode for last 6 days. Momentum Sellers driven the price down possiblly now the momentum got exhausted. Time to looks for potential short covering rally towards 784 and higher within 1-2 days timeframe.
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
Lupin is in a medium term recovery phase could test 1200 and 1400 in 6-8 month duration.
Previous Lupin short term trade stop los hit. However this chart is for Medium to Long Term perspective. Good buy zone 973-993 De-risk the trade at 1050 and continue to hold for bigger targets of 1160, 1309 and 1400+ Price is now at second/strong support of 973-993 after breaking previous support of 1010-1020. Pharma sector had its bad days since last 2years,...
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.