Note: This is for educational purpose only.
There seems to be a pre-tested dynamic support at 21 EMA. 21 EMA above 55 EMA indicates short term uptrend. The only downside is that the slope of 21 EMA and 55 EMA is not too bullish. RSI nearing 60 indicates bullish momentum. Moreover, there seems to be a RSI trendline bullish breakout.
Lupin stock is in uptrend. Minor retracement has been taken. Now above the resist area of 1045 take long entry for the target price of 1090-1115 with the SL 1022. Good risk to reward ratio. This is for your educational purpose only.
Swing and Intraday Setup: Very good entry above 1085 with SL of 1065 for the target of 1120/1150/1170. Keep trailing SL on every 20 points.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
LUPIN has been forming a nice cup pattern (2times)
i am expecting the same for the third time
a buy will trigger on DCB above 1055
sl: below 1022 on DCB
1 st target: 1122 and trail after that
analyses shared only for educational purpose
"Company launched cancer drug Lapatinib tablets in the US". This news may or may not have an impact on the stock, but the pattern and the price action clearly gives a bullish indication. Please follow strict entry and exit rules to minimize your loss as well as maximize your gains.
Entry - above 1023
Target - Trailing stop-loss
Stop-loss - below 1020