Multi Year Breakout - Cup and Handle Pattern
Updated
Lupin Ltd. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products.
The Stock broke out its multi Year Resistance with Cup and Handle Formation on charts. RSI perfect levels of 62.
Fundamentally the Company is performing good and is also expected to better in coming time. Mutual Funds have increased their stake from 11.94% in June, 2020 to 13.05% in March, 2021. The Pharma space is also doing excellent and the expectation are sound.
Accumulate for Targets of 1200-1300 with SL at 1040. Don't Miss it. Long Term Target 1500
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The Stock broke out its multi Year Resistance with Cup and Handle Formation on charts. RSI perfect levels of 62.
Fundamentally the Company is performing good and is also expected to better in coming time. Mutual Funds have increased their stake from 11.94% in June, 2020 to 13.05% in March, 2021. The Pharma space is also doing excellent and the expectation are sound.
Accumulate for Targets of 1200-1300 with SL at 1040. Don't Miss it. Long Term Target 1500
Feel free to share your feedback and queries. Do follow me on Twitter for quick updates.
Note
First Target done on the first day itself.
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