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TradingSutra
May 14, 2021 9:21 PM

LUPIN : CUP AND HANDLE pattern Breakout Long

LUPIN LTDNSE

Description

After a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets.

Investment strategy:

Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) and 1470 (equality ratio for wave (i) & wave (iii).
Comments
anchal2009
thanks
mayurdhumal
Is it coming down to test the neckline?
TradingSutra
@mayurdhumal, yes it can test the neckline
prabakaran62
Excellent.
TradingSutra
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