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Kunalgupta128
May 23, 2021 6:28 PM

Ascending Triangle Look for LUPIN Long

LUPIN LTDNSE

Description

Lupin is very close to its ascending triangle breakout so I would suggest only BUY calls for Lupin.

Don't think about shorting Lupin as long as it is taking support on the trendline.

On 15-min timeframe, it has the support of EMA 200.

If the Pharma Sector tomorrow goes up, you can easily achieve the target for about 2% in Lupin if not, it may take some more time to breakout.

I would suggest a target of ₹1245 and buy only above ₹1220.

Trade only if opens in an upward direction, otherwise, it will again hopefully take support from its existing trendline.

All the best.

Keep learning, keep trading.

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