It has activated a Bullish Ichimoku C Clamp probability in hourly time frame. The probability will be negated below 1018 while resistance is at 1070. Ichimoku analysis works on the alignment of specific moving averages comprised of conversion line, base line, leading lines, lagging line and Cloud
It has activated a Bullish Cypher in hourly time frame. As long as its above 923 it can retest 945/950 Cyphers are 5 point Harmonic Patterns based on fibonacci ratio alignments
Its a rarity to spot a bullish harmonic pattern showing signs of reversal nowadays that too in lower time frame. Here in hourly LUPIN has made a bullish Shark. It is showing strong support at 550. It could retest 600 provided it does not break 525.
Buy above the green line with the targets of blue lines ans stop loss is red line
Short LUPIN below 895 Target 890, 886, 881 & 865 Sl - 914
nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
What's Your View on Lupin? whatever your point is please share your views.
* Retest of breakout * 61.80% Fib retracement