LUPIN Creating DOUBLE BOTTOM PatternLupin taking support at trendline in daily time frame near 913 now it has created double bottom pattern in daily and 15M time frame.
if it has broke the consolidation zone from 945 and trying for a retest. if the retest will pass with huge volume then we can see upside rally till 1000 or 1085 from CMP.
you can go long for a swing trade if good directional volume breakout is seen.
LUPIN
LUPIN : Hourly ChartLupin
Wait for a breakout of breakdown in hourly candle and one can enter as per market.
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Lupin broke back at resistance now which will act as SupportI will buy Lupin because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1141
Target : 1264
Stop loss : 1114
💊💉 Lupin At Crucial LevelsNSE:LUPIN
Lupin share at harmonic support if it takes support from here it may go up.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
LUPIN might show good bull trend LUPIN after falling so much from the top was consolidating near trendline support. And at some point, it also closed below trendline and now it again came above the trendline. So it might show good bullish movement. So it can be good candidate for a swing trade.
Comment down thoughts below.
Lupin Ltd. : Trend ReversalLupin is looking good for short to medium term. Stock is at its demand zone. More and more buying is expected at the buying zone.
Good buy if it crosses ₹ 1000 level. first resistance (target) is ₹ 1157. Stop loss : 972
Disclaimer : this is only for the education purpose, do your own research before making any buy/sell decision.
Lupin uptrend to sideways Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the
demand and supply . Now its in perfect place for retracement can retrace upto around 975
Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss
Take position only after getting buy indication form MACD indication in 1 Hr time frame signal
stoploss below todays low 914 ( never take loss more than 1%)
target = > 3.5 % + (idle 3.5%)
# Don't Greed more than this as to go uptrend it need to form "W" pattern so Dont take risk of expecting more
Swing trade Lupin Min 2.5 % Long After a big fall it is in a very good place accumulating in support region waiting for retracement or you can say for lower high . but dont miss this opportunity as any stock cannot go vertical as it need to satisfy the supply and demand .
good entry around 970
target you can keep arounf 2.5% - 3.5% if for extreme safe trade 2.5 % will give highest probability but youl'l miss the some profit though
so trade with you own risk mangement dont take more than 1 % stoploss
Previosuly same situation repeaded and taken opportunity in the DR Reddy stock aswell check that trade for reference how it will be performing
and after exiting wait for re entry again after some time as it may also retest back to these level and form " W " pattern and go up 5 %
opporcunity in lupin pharma hear i can find a very best chart patten called wedge patten so addcoding to rule its should touch max of 0.71 level in retracement so wait till its touch 925 rs price
you can buy at 925 with stoploss -905 and with retracement minimum target of 1.33 level means 1350+ rs
hold for 2 month
buy - 925
sl- 905
sell- 1350
thank you
#FORTIS CMP236 #Target254 #PMModi #ModiSpeech #Pharma #CNXPharmaDaily Chart
#FORTIS
NSE: FORTIS
Short Term Quick Profit
CMP 236
Target : 254
SL : 226
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia