Dear Followers,
I wanted to provide you with an update on the current resistance level for
LUPIN
. As of now, the stock is facing a notable resistance around 1105-1110. This level has historically acted as a barrier, slowing down the stock's upward movement.
It's important to keep a close watch on how the stock behaves around this resistance. If it manages to break through and sustain trading above 1120, it could signal a potential bullish momentum and it will test 1250-1270 On the other hand, if the stock struggles to overcome this resistance, we might see some consolidation or a possible pullback and Might it will test 1000-950 Level.
The purpose of this hedge is to mitigate potential risks and enhance the stability of your portfolio, particularly in the current market conditions.
Hedge August Month series.
Buy 1100 CE Near 22-23 and Sell Lupin Future Below 1080 , SL 1100, Target 1050,1040,1025
Time Frame 5-7 Days
Investment Required- 45000
Maximum Loss - 11000
Profit upto 35000
Please feel free to reach out if you have any questions or if you'd like further analysis on the stock's performance.
Best Regards
Ajay Metha
I wanted to provide you with an update on the current resistance level for
LUPIN
. As of now, the stock is facing a notable resistance around 1105-1110. This level has historically acted as a barrier, slowing down the stock's upward movement. It's important to keep a close watch on how the stock behaves around this resistance. If it manages to break through and sustain trading above 1120, it could signal a potential bullish momentum and it will test 1250-1270 On the other hand, if the stock struggles to overcome this resistance, we might see some consolidation or a possible pullback and Might it will test 1000-950 Level.
The purpose of this hedge is to mitigate potential risks and enhance the stability of your portfolio, particularly in the current market conditions.
Hedge August Month series.
Buy 1100 CE Near 22-23 and Sell Lupin Future Below 1080 , SL 1100, Target 1050,1040,1025
Time Frame 5-7 Days
Investment Required- 45000
Maximum Loss - 11000
Profit upto 35000
Please feel free to reach out if you have any questions or if you'd like further analysis on the stock's performance.
Best Regards
Ajay Metha