LUPIN IS NEUTRAL OR SIDEWAYSIT IS IN SIDEWAYS TREND.ALSO IT FOLLOWS THE HORIZONTAL CHANNEL PERFECTLY WHICH I DRAWN.SO IT HAS A CHANCE TO GO SIDEWAYS FOR SOME DAYS.
LUPIN
Lupin Intraday Tradelupin Sell Neal 770
Stoploss 782
Target 758-750
Reasons For Trade- 1.Excess Selling near to 4 Hour resistance
2.Price formed bearish candlestick patter near resistance
3. Daily Trend is down
4. Risk Reward 1:1
Lupin Buyers are taking controlLupin Buy near 745-740 Target 765-775 Stoploss 725
Reasons For Trade- 1. Price has closed abover important support level of 740 on daily chart 2.Excess buying is done 725-730 levels.
3. Price has formed lower high on daily chart.
4.Price has filled gap near 725-730 levels.
5.Bullish candlstick pattern is formed on daily as well as weekly chart
6. Risk Reward is 1:1
for the Short Sellers, -> LUPINShort at higher level.
For instance, 772-778
Protective stop is above 780, target are good 732 and 723.
LUPIN LUPIN COULBE BE BOUCE AND POSITIONALY REACH TILL 840-860 RANGE
TILL STOCK IS WEAKER / DOWN TREND...
supports and resistance for lupin lupin positional looks good on charts for long
levels mentioned !!!
perfect stock for long term investment when it closes above the prescribed the level .....target is assured
LUPIN, is best for investors and swimming traderThis script is best for investors and swimming trader but, buy level still far from the current price.
The 775 level can be an easy target.
Entry should below 722 to 729.
Short Bias in LupinThe blue area indicates the weekly demand and supply zone whereas the green area indicates the daily demand and supply zone. As we can see the prices went up with less volume but when it came down, the volume increased. So there is a shot bias.
Lupin dips 1% | Trade NiveshPharma index was trading 0.39 per cent down at 8942.15 around 10:09 am.
as well as Lupin down 1%
MTF Trade : LUPIN 1) Lupin on Monthly TF given Outside Close and this happens at Support so it is valid
2) Weekly TF strong close above KS suggests structure change to Bullish
3) Daily TF is already Bullish, Look take buy Positions at 2 Demand Zones 810.5_804.75 , 792.6_788
Can go Blind long OR Look for CP at the Zones for increased confluence. Strict SL would be below CP, Wider SL would be Strong close below KS.
Target Zone 939.6_984.7
Lupin broke leaner support 800 possible short termLupin broke leaner support 800 possible short term
Lupin RSI Bullish Divergence Bullish divergence on daily chart .
target 10% positional
SL -740 on closing basis
Confused about where to invest at this stage of the cycle?Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending up NSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs)
By Animesh Vashisht, CFTe
(Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)
