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elvarsan
Jul 11, 2020 10:09 AM

LUPIN - Harmonics Pattern Long

LUPIN LTDNSE

Description

Entry, SL & Target as highighted in the Chart!

Trade closed: target reached

Target 1 and Target 2 achieved
Comments
hemantber
I have call option, will it work?
93078045b1bf4ea18bd87024130080
@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.
elvarsan
@hemantber, Hold it will reach atleast target 2 tomorrow... And target 3 in few days time...
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