LUPIN - FLAG & POLE PATTERNA flag and pole pattern is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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LUPIN
The Precious Reversal after AB=CD and now Butterfly Pattern!Precious seen AB=CD pattern o LUPIN. The "B" retraced at exact 61.8% and BC project at accurately 1.168%. After completing this pattern, extreme fall was seen in the price.
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Bullish Butterfly pattern required "B" mid-point 78.6% retracement and The price can fall 1.27.
The reversal can push the price previous level first 938 and 980.
The price an rise near of the range 853 and 846.
LUPIN trend analysisTrendline and the specially designed volume action analysis on LUPIN.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
This is my NEXT week analysis on LUPIN resistance line are there with good volume supporting the bearish view.
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Lupin Positional Buy Range 895-910Lupin Positional Buy Level on Closing Basis
Buy Range 895 - 910
Target: 921, 939, 942, 948, 953, 959, 965, 970
SL 879
Stock may bounce above 906 only. Keep watch Friday's low 905.
If trade below 905 then next bounce level between 895-901
Posting for Educational purpose only
Closing Basis means stock need to trade above 895-910 between 3:20 ~ 3.30 PM
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