s_chellappa

Bearish Shark @ PRZ (Strict short term retracement short call)

Short
NSE:LUPIN   LUPIN LTD
The final leg of the bearish Shark pattern that we saw emerge on Apr 11th, seems complete ( please see earlier analysis ). We are trading at the Potential Reversal Zone. So, there is an opportunity to Short now for a move of 36 points to 50 points. Target is 836.

Remember, Uptrend looks intact. So, this is a tight counter trend call.