It is been observed on daily and weekly chart that the price action consolidated within a downward trend line and now it breaks above the downward trend line on daily and weekly chart indicating a bullish move ahead.
Neetesh sir,
Lupin looking excellent on chart . A strong base has formed. Now ready to touch 1735!! Patience is the key in this trade. May take one or two quarter
NeeteshJain
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@debuji, Yes, you're right. One can buy with stoploss of 1400. Regards
xclusiv_abhi
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I believe the trade may be placed again once 1515-1520 level is breached on upside.
NeeteshJain
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@xclusiv_abhi, Yes, if it closes above 1500 levels this week. Regards
rajesh2467
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well captured breakout.
rakefree
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Hi Neetesh, SUNPHARMA broke out today-- Daily & Weekly TI and am wondering what your analysis is on the script? Cheers,
NeeteshJain
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@SpadeFX, Sunpharma is looking good as well. You can buy it again once it goes above 675 levels. Regards
dev_trader
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I am also out :-(. Yeah it did fall 50 points in 30 mins...stopped out. No worries. Will find new opportunity. Neetesh sir, please keep posting :)
NeeteshJain
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@dev_trader, I appreciate your support, send me your email address and I shall add you in my services list. Thanks, Regards
Lupin looking excellent on chart . A strong base has formed. Now ready to touch 1735!! Patience is the key in this trade. May take one or two quarter