My guess is, it is an accumulation zone. The clue to look forward is a test of the lower end of the range with relatively lower volume, followed by a sharp rally or a green wide-ranged-bar.
Lupin can give a short breakout Blw 1469 sl 1481 tgt 1458
It is been observed on daily and weekly chart that the price action consolidated within a downward trend line and now it breaks above the downward trend line on daily and weekly chart indicating a bullish move ahead. Target: 1650 Stoploss: 1500 Regards
Lupin has been trading in down trend channel and recently tested the channel resistance and moved towards the channel support and long term support of 1400-1397, traders may enter short for a target of 1397 in near term and stop loss just above the trendline breakout around 1530.
Diamond pattern is relative rare pattern. It has not given the breakout out yet but one can put it into watch list and trade accordingly. Another possibility that exists right now is that it may go to touch other side of the pattern around(1520) so a 60-70 points points move is possible and thereafter another trade on breakout.
Lupin Ltd. trading in consolidation for long time and now it is again touching the strong support 1391.26 and we may see this stock to go upward with a target 1st 1543.89 and 2nd 1641.00, trader may enter this stock long but wait till retest of support again for better entry price between 1395-1400. risky traders my enter a cmp with stop loss 1380.00
NSE:LUPIN ....Lupin is breaking down from 1500 levels. there is a multi-time frame weakness visible on both daily and weekly charts. Pharma stocks are known to react to news very sharply and sudden turnaround is not ruled out. Trade with caution. Target: 1400 Stoploss:1560
The price action on hourly chart seems to be breaking out from a crucial support 1540. If it confirms then we might see downward rally to 1450 levels.