Lupin made a lot of indecision candles in the daily time frame and last Friday it made a Doji there is slight rsi divergence in the 1hr chart. it broke a small triangle retested and trying to make a low below 1193.which is also very good support. short below 1193 till 1182 book partial profits in between
pattern breakout with good volume (Early enty missed insided the pattern)
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Buy @ CMP CURRENT MARKET PRICE First Sell Target @ 1016 Final Sell Target @ 1040
NSE:LUPIN first long till PRZ level as per your trade setup and if find reversal at PRZ level then only book long and one can short as well if find reversal at PRZ.
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TRENDLINE BREAKOUT AFTER 5 MONTHS OF CONSOLIDATION WITH HIGH VOLUME RSI AND BOLINGER BAND BREAKOUT LOOK GREAT FOR NEXT FEW DAYS
After completing the Cup and Handle pattern and a strong boost in Pharma sector, Lupin finally broke it's resistance and showed a 150 point bull run in the market today. With the Governor's conference today not just LUPIN but other Pharma companies such as CADILA, SUNPHARMA etc. also got a lift in their stock prices. If we see the chart the next upward targets for...
Monthly chart - Weekly chart - Have also included monthly and weekly charts, script seems to be bullish on all timeframes and currently consolidating which is a sign of healthy base. For short term, its in the range of 850-1100. Once this range is taken out decisively, fresh rally would be seen. Accumulate this as a strong portfolio pick.
* 04 years long consolidation breakout with high volume . Target 1500.00/1700.00/2000.00 .
Date: 30 April 2021 Lupin (CMP:1,069.50) Symmetrical Triangle Pattern Target and Stop Loss for short is given in the chart.
Breakout achieved of lupin next target is 1350 1850 and 20000
Resistance zone is there. Very crucial I am hoping for a breakout