harmonic pattern says it is bearish and if it leaves upper wick and closes below trendline support it can fall till 801 so beware and protect your money. trade at your own risk good luck
The current structure suggests that the stock is making a bearish triangle. One should look selling opportunities on any rise with Sl of 985 for the downside targets of 880/850. Th triangles are penultimate waves & the thrust out of the triangle is the last move of any trend. So we can expect reversal in the stock very soon.
In Bullish Wolfe Wave. This is smaller TF chart. So the target seems to be 965 First. And the SL remains to be 910 on closing basis. There are multiple targets on the upper side, but they will be update once the first target is done. Chart and Analysis - ADARSH DEY
Why should one buy ? 1. Bullish Divergence in RSI. 2. At lower end of parallel channel 3. 200 EMA support on weekly timeframe Stop Loss - When it breaks parallel channel Target - 1100
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...
This is the daily chart of lupin. This is only for educational purpose.
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