Lupin share at harmonic support if it takes support from here it may go up.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
LUPIN after falling so much from the top was consolidating near trendline support. And at some point, it also closed below trendline and now it again came above the trendline. So it might show good bullish movement. So it can be good candidate for a swing trade.
Comment down thoughts below.
Lupin is looking good for short to medium term. Stock is at its demand zone. More and more buying is expected at the buying zone.
Good buy if it crosses ₹ 1000 level. first resistance (target) is ₹ 1157. Stop loss : 972
Disclaimer : this is only for the education purpose, do your own research before making any buy/sell decision.
The stock is consolidating near support and looking good to buy around 950 and can add more if we get lower levels until 900 is intact on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the
demand and supply . Now its in perfect place for retracement can retrace upto around 975
Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss
Take position only after getting buy...
After a big fall it is in a very good place accumulating in support region waiting for retracement or you can say for lower high . but dont miss this opportunity as any stock cannot go vertical as it need to satisfy the supply and demand .
good entry around 970
target you can keep arounf 2.5% - 3.5% if for extreme safe trade 2.5 % will give highest ...
hear i can find a very best chart patten called wedge patten so addcoding to rule its should touch max of 0.71 level in retracement so wait till its touch 925 rs price
you can buy at 925 with stoploss -905 and with retracement minimum target of 1.33 level means 1350+ rs
hold for 2 month
buy - 925