Bullish Flag Pattern in Lupin Long

LUPIN LTDNSE

Description

⋅ May 31, 2021 1:55 PM

In the daily chart, a bullish flag pattern has been formed which can attribute to a long position with a target of somewhere around 1246-1250.
Stop Loss can be around 1200.

Trade closed: target reached

⋅ Jun 2, 2021 7:55 AM

Comments

kabir94s

⋅ May 31, 2021 3:30 PM

Pls check in 15 min it has made M pattern

Saket_Ojha

⋅ Jun 1, 2021 6:28 AM

@kabir94s, This is a daily chart analysis, so it will show its result in few days,
15 min will be apt for doing intraday trading.

Gowtham_K

⋅ Jun 2, 2021 11:12 AM

@Saket_Ojha, Nice analysis!! Can we expect further move?

Saket_Ojha

⋅ Jun 2, 2021 1:05 PM

@Gowtham_K, Yes definitely, as volume increases we can see it rocking till 2000 levels which is also it's life time high.