it is the clear breakdown from the channel after facing the resistance at 50% retracement at fibonaccis, but got support at the 722 if it breaks this level then it will fall upto 698. But The company has got approval for its Hydrocortisone Valerate cream USP, 0.2 percent from the United States Food and Drug Administration (USFDA), Lupin said in a filing to the BSE. So trade accordingly this news is aginst our trade.
Comment:
The next green candle follwing with the doji candle failed our chart pattern.