TradingSutra

LUPIN: BEARISH TRIANGLE

Long
NSE:LUPIN   LUPIN LTD
The current structure suggests that the stock is making a bearish triangle. One should look selling opportunities on any rise with Sl of 985 for the downside targets of 880/850. Th triangles are penultimate waves & the thrust out of the triangle is the last move of any trend. So we can expect reversal in the stock very soon.
Trade closed: target reached

Manish Bhardwaj
Analyst & Co-Founder
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