taking good support for long positions only if index moves up
Updated
Lupin has good support levels near 750 and 720 price. Still it is taking support on 750 lvls. we can see good up moves on these levels only if index also moves up.
Breaking these levels stock can struck between these two support lines of 750 and 720. breaking 720 on downside will show more downfall.
Support of 750 and 720 levels are on both daily as well as weekly charts. So if nifty shows up move then stock can cross 800, 850 levels in coming days
Breaking these levels stock can struck between these two support lines of 750 and 720. breaking 720 on downside will show more downfall.
Support of 750 and 720 levels are on both daily as well as weekly charts. So if nifty shows up move then stock can cross 800, 850 levels in coming days
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As said on feb 23 stock is still respecting same support and resistance levels (explained above) . It has to break either support or resistance levels for next big moves. See how beautifully stock respected both yellow lines drawn in chart
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