*Lupin Ltd*
*W* Formation on Yearly Basis.
Strong Price/Volume Action.
P&F Formation on Weekly Basis.
Strong Vol. Consolidation / Continued Heavy BuiltUp.
Watch out for Multiple Resistance levels @
1153/1215/1497/1601
1749/1850/1934/2057
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Lupin is looking good for buying/Trading, Nifty Pharma is closed positive note for tomorrow.
Lupin is making ascending triangle pattern at 15M and 1H Time Frame you can trade with small StopLoss.
Entry : 935
StopLoss : 927.5
Target : 950,961
Breakout from a weekly resistence with good volume, also making a "W", buy now or after a retest depending on your risk apetite, seeing an upside till 900. This is for Idea purpose only, I am not a SEBI Reg. analyst. Do your own research before investing. Comment if you have any questions regarding this.
Looks like worst is over for lupin. Results are improving along with technicals. I bought this few weeks ago and will be increasing my positions if price falls. Potential to make good money in next 12-15 months.
Lupin did mistake on 2015 as Aquisition base on debt not on equity.
still the stock price facing problems due to that mistake happened in 2015.
Now Till safe level 584 weekly closing basis we can see upside level 800 840 too. However due to falling trend channel along with H&S pattern below 584 we can see more n more fall.
Short term purposes with Stop 636 can...
Observations::
the stock is trending upwards in daily time frame.
now the price is facing resistance @800 range.
If price breaks this resistance we have an immediate resistance @810 range.
now the stock is looking weak in buyside, if it will sustain above 800-810 range we will observe some bullish momentum again.
if price breaks 770 range we will observe fall...
Confluence:
=About to break market structure
=Imbalance market space
Short @ 705.90
Stop loss @ 0.50%
Target @ 1%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
The price is trading low following a huge gap down..so the price must test its gap down level which is 733 to 718 also there's chance of short covering after a good sell off. For swing trade, good buy above 664 after retest for a target price of 672 & 676 and good sell is below 656.45 for a target price of 646 & 637.85.
Trade wisely at your own risk,
Good luck, Jai Hind.
