LUPIN lost 5.6% today on NSE with close to three times its average volumes making it a good SELL @ 806 with SL of 824 and Target 1 of 755 and Target 2 of 709.
Inspite of positive news today on LUPIN. Stock couldn't close above our buy resistance of 806.25
Although there are FRESH LONG positions on LUPIN, Options data shows a stable PCR Indicating a possible downtrend continuation
Hold LUPIN SELL Position today with SL of 824.
Trade is Active. Wait for Target. And keep Stop-loss on CLOSING BASIS Only.
Exit stock only if its closing above stop-loss level, and wait for Target
Last Closed price at 822.5 which is lower tt
Trade closed: stop reached:
Stoploss hit in Lupin. Exit the stock.