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TradingSutra
Oct 18, 2021 7:55 PM

LUPIN: BEARISH TRIANGLE Long

LUPIN LTDNSE

Description

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

Comments
kheraash
totally agree. great analysis ... thanks
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