A very good is identified in the lupin to retest the resistance level.checkout in the daily time frame.If it sustain above the trend line with strong bullish candlewe can enter at restesting of trendline always with strict stoploss.
Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Lupin
Time Frame = 15 min
Currently, Lupin is trading at 50ema and DBR Support zone. If you look at the previous chart pattern, you will see that Lupin always took support from the 50 Ema end support zone and bounced.
So we can plan a buy trade at the current levels and it will be a low risk and high reward trade.
I hope this analysis was helpful to you. If so, I would appreciate it if...
The Fib Levels for Lupin Ltd is listed for 14-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
How Does This Work?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single...
NSE:LUPIN
Breakout of Falling Trendline from May 2021
Weekly Closing > 50 Week EMA after 15 months signals change of TREND
CMP taking support from Moving Averages
Targets : 744 - 839 - 915 - 992
Upside : 43%
SL : 640
RSI>55 back in BULLISH Zone
Initiated a long trade in Lupin for the swing high. All the levels are mentioned on the chart for reference.
Disclaimer: This is only for educational purpose, pls consult your FA before investing.
Lupin Reversing from Support of EMA & Channel Support
Positive RSI on Daily & Weekly Timeframe
Expecting 20-30% move from here
Long term bullish from these levels
will revise my target after crossing 870-880
Lupin is on the verge of a breakout from consolidation and looks good if sustains above 666 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Important LUPIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .
Hello Traders,
Lupin is in Long View for atleast next 1 Year. Lupin shows a strong Breakout of Trendline and with support of Volume and RSI in Weekly Timeframe.
Targets are also labelled in Chart.
