Get started
Aditya_Singh21

SHORT ON LUPIN (NSE)

Short
LUPIN LTD (NSE:LUPIN)  
Aditya_Singh21  
NSE:LUPIN   LUPIN LTD
Trend Analysis Chart Patterns Technical Indicators short downtrend newbie educational
0
0
trendanalysis chartpattern indicator short downtrend newbie educational
This analysis is only for educational purposes, Invest at your own risk!

  • LUPIN closed at 841.80 on Friday with a decrease in its price and very low volume .
  • The Pitchfork drawn shows a downtrend with the stock price approaching its resistance line.
  • Since the gap between the stock and its 52 week high is pretty close therefore a stop loss should definitely be placed just around 855 INR.
  • The stock may prove to be profitable is shorted at price range 841-836 INR and bought back at around 825-835 INR.
  • A down trend in both the volume and 20 period RSI can be seen.

ALL THE BEST TO EVERYONE !
Cheers!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.