Levels Are not Mention on Chart. ohh, It Requires Some Description. :)
Here we go,
Lupin at 0.618% From All Time Low 5.15 (2001) TO 2129 (2015)
Lupin This Year low, Made in December 2017 at 806.25 And Closed at 885. The Low Which is 806.25 is Near to 0.618% @ 816. ( of 5.15 to 2129 )
Now, If Lupin to hold This 0.618 Level Then we can look for buying Patterns.
Patterns has its own Entry , Stop and Target as we all know.
But Idea is, If lupin to hold this level Then We can look for buying set-ups on Weekly-Daily Chart. If Lupin Don't Break 0.618 Levels Then We aim for 0.50 (1067 ) And 0.328 (1317 ) on Upside.
Nothing moves in a linear Direction we will have many setup going forward on sell side too But Personally i Would prefer buying set-up in Lupin. If it Holds 0.618 level for 2018.
The Fall in Lupin in a year 2016 and 2017 was almost like a falling knife. That left very few resistance between 1317 to 816.
Fall in 2016 was -19.07%
Fall in 2017 was - 40.48%
And Rise in 2018 is ?? :) ( Too Early to say that Because we are only 70 Rs Away, If lupin Wants to Break 0.618.)
Best of Luck to all Trades,
Very Happy New Year,
-Lupin
Here we go,
Lupin at 0.618% From All Time Low 5.15 (2001) TO 2129 (2015)
Lupin This Year low, Made in December 2017 at 806.25 And Closed at 885. The Low Which is 806.25 is Near to 0.618% @ 816. ( of 5.15 to 2129 )
Now, If Lupin to hold This 0.618 Level Then we can look for buying Patterns.
Patterns has its own Entry , Stop and Target as we all know.
But Idea is, If lupin to hold this level Then We can look for buying set-ups on Weekly-Daily Chart. If Lupin Don't Break 0.618 Levels Then We aim for 0.50 (1067 ) And 0.328 (1317 ) on Upside.
Nothing moves in a linear Direction we will have many setup going forward on sell side too But Personally i Would prefer buying set-up in Lupin. If it Holds 0.618 level for 2018.
The Fall in Lupin in a year 2016 and 2017 was almost like a falling knife. That left very few resistance between 1317 to 816.
Fall in 2016 was -19.07%
Fall in 2017 was - 40.48%
And Rise in 2018 is ?? :) ( Too Early to say that Because we are only 70 Rs Away, If lupin Wants to Break 0.618.)
Best of Luck to all Trades,
Very Happy New Year,
-Lupin
