LUPIN LTD
Updated

Hourly chart indicates weakness in Lupin

93
Hourly chart of lupin indicates weakness. My observation is as below

1. Its completed ABCD pattern on Daily chart after that facing resistance Fibo of 2.618 (853 price levle) . ABCD completion reflect on hourly chart
2. Rounding top is formed and double top formation on upper side also taking support in range of 790 to 800 and this will act as stop loss for long trade
3. On down side it may came to 730 to fill GAP is created between 745 to 732
4. RSI on hourly chart making new lows but price is not making new lows

Note: Close abvoe 860 will send it another bull phase which will take it 950 to 1048.
Trade closed: target reached
it followed my note

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