LUPIN
LUPIN is Making Symmetrical Triangle Pattern (Breakout Trade)Lupin Limited : Pharmaceutical Company ( NSE:LUPIN ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
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Chart Published By Ravinder Sharma
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LUPINIt has activated a Bullish Ichimoku C Clamp probability in hourly time frame. The probability will be negated below 1018 while resistance is at 1070.
Ichimoku analysis works on the alignment of specific moving averages comprised of conversion line, base line, leading lines, lagging line and Cloud
Breaks 2 years of resistance with super powerPrice breaks 2 years of resistance ( 1000 levels ) finally and closed above 1060 resistance levels. Now we can expect the price to move on to 1180 resistance level and consolidate there.
In the pic you can clearly see the retest levels, here if you look into it price before this break out it actually breaks 1000 levels but unable to sustain and reached the support level once again this is where one can enter long trade. But every time one cannot expect this move, when it happens don't miss it is the point here :)
Lupin stock is on very bullish mode.Luping long entry 20 EMA +TL above the price of 970 TARGET 1025 SL 935.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
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Lupin stock to take long entry.On Weekly & daily chart Lupin stock is in uptrend & forming the higher highs. As marked in the charts ATP formation now after the BO level of the trend line above the level of 992 we can take the long entry for the next target price of 1031 with the SL of 975. RSI level is also showing the bullish mode. Earlier BO level above the 935 is given with the very strong move. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Lupin - Bullish rising three pattern. 1100-1160 on cards.Lupin can be bought above 1017, keep a stop of 985 and ride the momentum.
Last five days have seen, good volume too as a confirmation of pattern. An upside of 15-20% looks imminent from current levels.
Please carry due diligence and consult your financial advisor before taking any positions. Whatever is shared here is for research and education purposes, and not a recommendation to buy or sell.