Weekend series - Lupin - Long above 900/904

Lupin has reversed after a brief downfall and is now taking a psychological resistance at 900 levels. Safer to buy above 904/905 but if you're in early entries, set your first target around 904/905 (trail there)

Reasons for long:
1)The price action suggests that the price has reversed and has reversed strong
2)Good strong ending to the day
3)The option chain is very bullish at 900 (highest OI and change in OI by miles)

The levels of support and targets are drawn on the chart for your convenience. As always, trail diligently and always work with stop losses as markets are supreme.

#Disclaimer: Consult your financial advisor before any trades.
Order cancelled: Did not activate today.


Good analysis
IbankerSid skajale
@skajale, Thanks sirjee
Nicely explained. Thanks
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out