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.
Comment
⋅
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 active
⋅
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