LUPIN
LUPIN trading levels for 01.02.2021watch it guys...
for intra and short term.
(short term entry also possible , i will tell you when I feel bullish)
remember
1. 978-989 area dominated by smart money(buy)
and also
2. 1040-1029 area dominated by smart money (sellers).
note this guys.u can set your RR 1:4,1:5 In this stock.
go for mean revision levels are clearly mentioned.
LUPIN Near Breakout of Descending trendline for target of 1120+Since last 2-3 month trading sessions its creating descending trendline pattern. Stochastic RSI showing strong bullish crossover near the resistance line. So, Expected It will break out of downward trend in coming trading session. Once breakout and it's trading above 990 then it will go to 1085 to 1120 target soon.
Possible Trade:
Buy LUPIN Above 990
Stop-loss 930
Target 1085 1120+
LUPIN- CUP & HANDLE AND NARROW RANGE 7#LUPIN IS FORMING A CUP AND HANDLE CHART PATTERN AND A NARROW RANGE 7 STOCK FOR 28/12/2020
WE CAN EXPECT A BREAKOUT .RED LINES ARE MAJOR SUPPORT & RESISTANCE.GREEN LINE IS THE TARGET.
CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE;
WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM
SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE
DONT ENTER ON FIRST CANDLE AND WAIT FOR MARKET BEHAVIOUR
FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION
ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT
DONT TRADE AGAINST TREND AND INDICES
FOLLOW FOR MORE TRADE IDEAS AND INFORMATION