Ishan
Short

Descending Triangle Breakdown - Lupin

BSE:LUPIN   LUPIN LTD
68 0 3
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
Comment: 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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