Lupin 5 years breakout

Dec 14, 2023

Lupin pharmaceuticals has formed classical double bottom W pattern in 15mnt, weekly & monthly timeframe. Just to illustrate easily i have posted weekly timeframe screenshot. It should sustain above 1200 levels. Nice 3 weeks consolidation seen on that levels. Looks like it’s ready to move mies away. Because this technical pattern targets are normally upside equals to bottom cup formation. There is on big news flow also there on these levels so best occation to get good volume support too. News is as follow "Lupin Diagnostics eyes 100 labs in five years”. So looking better long term choice.

DISCALIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR profit or loss.

Dec 19, 2023

Note

sustaining above 1250-70 level. It has lot of strength seen.

Dec 21, 2023

Trade active

Still in the buying zone.

Dec 26, 2023

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Still hovering above the breakout levels.

Feb 21

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Target 3 is not far.......

Mar 6

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Target 3 done. 1614 and sustaining above it means more upside.

Mar 30

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Target4 also done.

Apr 10

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again target4-5 coming

May 28

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1870 is not far away.

Jun 25

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hovering around 1600. will jump soon.