lupin chart analysis for intraday and swing trading
Hey Lupin seems to be in a range, keep an eye. A good move is expected post breakout !
Lupin tested three times 933 levels, so it's a strong resistance . . If tomorrow stock goes above 940, you can buy this trade for the target of 955-960. . Stock has already given the positive closing. . What's your view on this comment below in the box.
RR ratio is 1 : 9. keep watch at lupin for long positional trading
First of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest...
CMP: 946 The stock has given double bottom and box breakout. It can touch 975 in coming days with support around 940.
If 945 is held on monthly basis then we are headed towards 988, 1099, 1200 and much higher including ATH. Next PIVOT support is at 868.7 and if that breaks then possibility of 813 and 746.5 will open.
doble bottom breakout at bottom....................................................
Lupin Ltd. Made double bottom around 918 - 920 levels. Same is supported by RSI positive divergence & drawn on chart. RSI is also breaking out of Falling Trend line , same is drawn on chart.
Lupin 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...
Lupin Wait for a breakout of breakdown in hourly candle and one can enter as per market. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
I 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
The stock is at the strong support so this can be a Low risk trade. U can buy this with stop loss just below the trend line.
Break of market structure and price retrace back . Long entry and SL i sm entioned
NSE: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 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.
The stock is consolidating near support and looking good to buy around 950 and can add more if we get lower levels until 900 is intact on the closing basis. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team