Lupin - Flag Breakout

With Pharma sector seeing buying momentum again, many Pharma stocks are on the verge of breakout.

I can see that Lupin NSE:LUPIN has given a breakout from the Flag pattern with a large Bullish candle after consolidating between 877 and 924 for a couple of days.

Good opportunity to go long here with a small stop loss for a first target of 972.

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


Be careful...Pharma index has formed a Double top today. Tomorrow we will get a confirmation if there is a short term trend reversal. Also the breakout looks weak.

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