Lupin – Double Bottom

Lupin NSE:LUPIN came up with better than expected numbers (operational performance) yesterday and the stock saw good buying activity today.

I can see a double bottom formation here with a positive divergence along with today’s bullish candle.

Good opportunity to go long with a stop loss near ~ 720 levels and first target of around 815.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.


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