Lupin is in major bearish trend & with a target of Rs. 1211 in coming month.
Some one having positions at lower levels to book profits & re-enter at lower levels.
Some one having positions at lower levels to book profits & re-enter at lower levels.
Comment:
Lupin reclaimed its 50 days moving average 3rd time & is trading above that mark. The trend has reversed after a long consolidation from August last year. One can initiate buy on Lupin for Long term because the stock has already made a bottom & downside is minimum from current price. 1 Year target is 1900-2100. A close above 1542 levels & thereafter above 1600 are key levels to watch out for in current month.