LUPIN can go down
LUPIN is consolidating in a narrow range and a big move is coming.
Short on the breaking down of the wedge for targets of 3-5%.
Stop Loss should be placed anywhere above the lower trend line of the wedge.
There are chances of breakdown and re-test hence keep patience for smooth down move.
Any weakness in Index will be cherry on the cake.
Charting is quite simple. Do take care of moving averages and indicators to book profits.
NOTE:- These are my personal views and you should do your own analysis for trading/investing.
Short on the breaking down of the wedge for targets of 3-5%.
Stop Loss should be placed anywhere above the lower trend line of the wedge.
There are chances of breakdown and re-test hence keep patience for smooth down move.
Any weakness in Index will be cherry on the cake.
Charting is quite simple. Do take care of moving averages and indicators to book profits.
NOTE:- These are my personal views and you should do your own analysis for trading/investing.
Note
Stock is constantly taking support on the trend line hence the trade has not yet triggered.
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