supports and resistance for lupin lupin positional looks good on charts for long
levels mentioned !!!
LUPIN
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)
SHORT TERM : LUPIN MIGHT NEED A TONIC THAT SHALL PUSH IT TO 800!One may buy Lupin on a dip with SL of 751 and target of 800.
Buy Lupin on a dip with SL 804Long Lupin on a dip with a SL of 804 with targets of 836.9/842.1. Do not take the trade if it opens above 836.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
