LUPIN LTD.Short
Descending Triangle Breakdown - Lupin
Updated
Lupin has been in a bearish phase since October 2015 & making lower lows & lower highs since then. Having consolidated around 1400-1500 range it gave a downward breakdown yesterday. The stock will be under watch this week to see if the breakdown is true or false
Note
The breakdown was confirmed in the very next week after publishing of the idea. We're seeing a pullback in the price currently but the downward pressure is here to stay
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