Lupin Limited
Long

LUPIN 's long opportunity : Aiming for 3000 on 1H chart

401
LUPIN The pharma sector is bullish on the one-week timeframe - it has given a breakout - and within it, Lupin is also breaking out from a strong level and has already retested it; it's been breaking out on the one-hour timeframe for about a year and a half now. The recent strong earnings report is also adding to my confidence, with a direct surprise of a 31% jump in earnings and about an 8% jump in revenue. So, once a minor high is broken, I'll be looking for a long-side opportunity with a target of around 3000, and I'll shift my stop-loss to 2350 at that point.

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