Lupin is back on testing the neckline, also on the edge of the Gann Fan ray.
Buy Lupin Pharma above 860 T1: 1000 T2: 1130 SL of 790
LUPIN is slowly making its turn to the upside, currently obeying the base of the channel to the very last point. Awaiting a breakdown/reversal
i am bullish on lupin if it closes above 1090 levels and can be a good long term buy
All indicators are positive, in weekly chart MACD crossover and in daily chart MACD cut, these indicators will help to move up further. Target: 1143-1156 Further targets will update later Stoploss: 1003
Lupin Intraday for 3rd Nov. 2017 given buying zones to long entry, and 3 targets for Stock Future trading.
A volume breakout above 1050/- should lead to a good price movement! Watch this !
Well,its actually a Cup and Handle pattern with yellow FLUTE as the neckline, awaiting the breakout/reversal. (in comment) AFter drawing the yellow zone, the price action to the left looked like a head and the yellow zone looked like a flute.So went ahead and drew the rest of Krishna :D
LUPIN is moving around the neckline for a while currently in the breakout/reversal zone
Lupin is trading in downward channel. At Support of channel, it made pattern like morning star. Wave counting is also suggesting that 2nd wave is completed here and 3rd wave is to start.
CNXpharma has possibly bottomed out at 8315; atleast for the medium term 1. Completion of ABC correction (A=C) 2. Recent low at 8315 sits rights above a major consolidation zone 3. Recent Low also falls along a trendline support 4. RSI divergence on weekly and daily charts A full EW count is not possible since the index is barely 4 years old and its...
As per weekly charts, LUPIN is a must buy for long term as stock can double in a year and can act as a defensive stock if market goes into bearish mode.
The Stock is in a corrective mode on longer term charts but this pattern may act as a pain killer if it works on daily time frame. Notes on the chart. Hit Like/Comment/Share if you think this information can be useful. Trade Safe Regards Bravetotrade
Lupin has entered the breakout/reversal zone blue box. Its been down for 3 months straight, breaking the previous 52 low . Its making lower highs and lower lows ever since reaching a 3-year low mark. Cant be sure of a correction leg up untill it breaks the previous high and makes a higher high. Got to see if it reverses or breaks out of the long channel.
Lupin has been consolidating for last few sessions and a directional breakout is expected very soon and if it happens to upside, we can see some good 50 points run on the trade. Yes, I'm expecting it but on Bearish breakout also you can take the trade, The thing about consolidation & ranging is many think that predicting direction is right approach. NO. Let Market...