LUPIN gave resistance zone breakout and re-tested it.
Consolidation between 1000-1010 level can initiate a Good upside movement
Good above 1010 Levels on the basis of candle close.
View negates below 988 levels
The classical breakout and retest pattern has been observed in the stock. The breakout was accompanied by high volumes and RSI in strength. Pattern would only be confirmed once it crosses 205 levels and one can definitely see for a long position for a short to mid term view. Strength in bank nifty in last few sessions could be good supporting factor. Wait for a...