elvarsan
Long

LUPIN - Harmonics Pattern

NSE:LUPIN   LUPIN LTD
Entry, SL & Target as highighted in the Chart!
Trade closed: target reached: Target 1 and Target 2 achieved

Comments

I have call option, will it work?
Reply
@hemantber, Hold with tight SL. Reversal is shown by stock. Keep SL below low of previous day. Upside Momentum is expected on 15, 16 July till 900. 910 has highest call writing for july series.

The very positive thing is that stock has given closing just above 50EMA. Stochastics and StochasticRSI has shown buy signal on daily timeframe on 14th. MACD is foming bullish candles and crossover is should happen if stock moves up on 15th. RSI is at 44 (slightly weak). So recommended exit is when price goes below low of previous day.

The stock should test trend line which was broken on 6th july near 900.
Reply
elvarsan hemantber
@hemantber, Hold it will reach atleast target 2 tomorrow... And target 3 in few days time...
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out