On Friday Lupin closed above it's major Supply Zone @ 960-985. If it will manage to sustain above this zone then in coming weeks it may test it's next Supply Zones @ 1085 and 1030-1070 on the upside. This will be my positional trade for the next week. I will update my trade and updates for this trade in this post. Follow this post to get the notification. Thank X :)
Note: This is for educational purpose only. There is a bullish breakout from channel and long term resistance with ultra high volume. RSI above 60 which indicates bullish momentum.
LUPIN - Bearish setup 4 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
Buy Lupin intra above 930 TGT 936-942-945 SL 919
Nifty - Technical Analysis: Nifty had a gap-down opening on hourly charts and remained within a range throughout the day. On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets. 9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...
1. wave count spotted 2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3) 3. high probable impulse wave 5 4. once it breaks out of the channel - confirmed Weekly chart:
Stock of lupin is trading above the 200 EMA level & in very bullish mode. Recently stock has made a new high @ level of 956. Now currently stock is expected to retest the resist. area . So this could be betwwen 910-915 @ this level we can take the entry for the next target level of 945 with the SL of 874. Also above 950 level we can see the new high till 970-980...
2 evident scenarios. If the dotted trend line breaks in this week, first go Short and then go Long. If the dotted blue line generates demand,go Long . Being a pharmaceutical Industry, expect a good rise in the days to come.
Entry, SL & Target as highighted in the Chart!
Stock of Lupin stock in bullish mode. on daily & hourly time frame the stock is trading above the 20 EMA level & making higher highs. See the stock is trading at the trend line marked. Now wait for the ATP & Resist. level @ above 865 to be broken before taking entry in the stock. The target level is 875. Once the stock cross above 880 we can see the level of 900....
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LUPIN BUY ABOVE 882 TARGET: 888, 894, 898 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
a. Zone: Strong Bear b. Resistance 1: 878.8 c. Resistance 2: 885.60 d. Support 1: 865.25 (Tripple Bottom - high probable bull zone if this level sustained) e. Support 2: 861.90
a. Zone: Strong Bear b. Resistance 1: 883.55 c. Resistance 2: 901.15 d. Support 1: 862.40 e. Support 2: 848.30 NSE:LUPIN
a. Zone: Strong Bear b. Resistance 1: 902.80 c. Resistance 2: 905.80 d. Support 1: 861.35 e. Support 2: 858.40 NSE:LUPIN
01) Wolfe Wave ( Bearish ) 02) Price revert from upward channel top 03) RSI Bearish Divergence 04) Target - Green Trend line 05) SL - Above Swing high ------------------------------------------------------------- Note : This study for educational purpose only. ------------------------------------------------------------- Your likes on my ideas motivate...