lupin has made a double bottom and its in uptrend in 1hr tf. and the candles show bulls are in control there is a resistance at 940. few green candles formation at above 950 the stock has the potential to reach 1000. AND THERE IS BULLISH ENGULF TOO AT THE BOTTOM OF THE NEW TREND.
Ok considering the fact how Lupin closed today in multiple time frames..(in minutes and hours)
There's alot of seller pressure.
However if u look at the chart in 1 day time frame. There is bearish engulf happening.
And in 1month time frame Lupin is in uptrend.
Moreover Nifty pharma is doing good.
U can exit once it reaches 980 again..
Don't hold on to a stock for too long.
I'm no expert.. Just my views on the stock😄
mogo65
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@InDyeah,
Thanks for taking time out and respond. Still holding it and plan to exit upon touching 975+ . hoping this happen in before Friday, as pharma counters may not go down further.
Yeah.. Looks like another break out happened in 985+ with volumes . Any views ?
Many thanks :-)
InDyeah
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@mogo65, well dont stay in the trade once u achieve ur target sir..book ur profits and exit
(or u can do profit booking and different prices so even if incase the trend changes to bearish u still exit in green)
the longer u stay u get greedy(emotional side kicks-in telling u price might go up more n more)
AND ONE NEW RED CANDLE CREATES PANIC AND RETAIL TRADERS LIKE US BEGIN SELL OFF THE STOCKS and THE PRICE CRASHES.
LUPIN HAD A GREAT DAY (NIFTY PHARMA WAS BULLISH)
I HOPE U EXITED ALL UR POSITIONS IN LUPIN.
LOOK FOR A NEW STOCK THAT IS AT ITS LOW
IM CURRENTLY LOOKING AT MARUTI SUZUKI.
everyone has their own trading style.
i exit once i achieve my target.
A Deep insight to a traders' mind and valuable share. I am tempted to view and follow your new calls. Now, will look into your Maruti.. Hoping for a rewarding learning and journey.
Regards
Moorthy
InDyeah
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@mogo65,
il publish an idea on MARUTI SUZUKI once it comes under my set up.
(do not enter the stock yet as the down trend has just begun. you will need few more candles for confirmation and to enter the trade. until then just watch the stock)
u can also look into companies which produces vials (surgical equipment manufacturing companies)
cause the covid vaccine which is expected soon.
will need a lot of vials for storage.
even im here to learn u can share any ideas with me if u got any :)