dev_trader

LUPIN - Resistance at Channel Upper line

Short
dev_trader Updated   
NSE:LUPIN   LUPIN LTD
3
Its been observed that Lupin is showing channel resistance at 1510-1525. Looking at the trend, it a sell on @ 1500 (Little bounce back). This might go down. Reward: 50 Pts, Risk: 25 Pts

TP - 1450
SL - 1525 (On closing basis).
Comment: Waiting for 1500 to sell. Today's high 1498. Trade not initiated yet.
Trade active: Sell initiated at 1500. Today's high 1501.1
Trade active: Trendline is playing its role. Trade active. Its not closed above our SL yesterday and pulled back.
Trade active: Nice drop. Trade active.
Trade active
Trade active: 17/01 : Trade is active.
Trade active: 19/01: Low made 1470.
Trade active: 20/01: Low made 1455.
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