Lupin - For BuyBreakouts at daily level done
Pullback / Accumulation at hourly level done
Break of VCP pattern done
LUPIN
Lupin - CMP: 1247The stock has given multiple pattern breakouts. ADX is indicating strength in the uptrend. RSI also indicating a continuation of the up-trend. It has given Wedge breakout on the daily chart as well as Flag Pattern breakout on today's EOD chart. We can expect a Pattern target as 1400 in the near term.
Bullish Flag Pattern in LupinIn the daily chart, a bullish flag pattern has been formed which can attribute to a long position with a target of somewhere around 1246-1250.
Stop Loss can be around 1200.
Lupin from 30 may 2021Stock has given good breakout also a good pattern formation
one can trade using fib sequence given
Lupin - Impulsive-consolidation-Impulsive 🔰 MY thought process :
⭐A good swing trade is possible :)
⭐Pattern: U can call it anything u like, what's happening is a good move than a consolation in a zone, a breakout from this zone = again some impulsive directional move :)
⭐RR as per your RR management and trade only if pharma and nifty are bullish as this stock seems to be a little volatile past session :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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1400 OR 1100 | WHAT'S NEXT FOR LUPINThe stock is in an uptrend and we saw a breakout from the previous resistance zone. Now the stock is forming in the triangle pattern and we can see another up move if it breaks it on the upside which can take it to the 1400 zone.
If it breaks and sustains Triangle on the downside, we may see 1100 in upcoming trading sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Lupin levels for tomorrowLupin Gave a nice target of more than 1% today .
After hitting the resistance the stock fell heavily and currently taking a support at an important level.
Looks like it is about to form a H&S.
if it retest the blue trend line and again gives a 15min closing below 1193-1196.65 area then next target is 1173.7
Since this is against the major trend take quick profits at pivot levels and trail SL.
In daily time frame it formed a higher rejection candle today
it is consoildating between the top resistance zone and bottom support zone in daily time frame.
breakdown of important trendline.
Below our levels it will be an H&S pattern.
below 200ema of 15min
Book partial profits at 1184 and trail SL cost to cost since tomorrow s1 will be at 1184 level
Ignore if this opens gap down below the levels.
This is purely my personal view on the script. Trade at your own risk and knowledge.
Lupin levels for tomorrowNSE:LUPIN
Uptrending stock on higher time frame.
Ascending triangle formation by respecting an uptrend line.
Support 1099 and resistance at 1250-1300If 1099 is held up on a weekly basis then we may reach 1200, 1300 and 1400 else we may see the downside of 923 and 875. But crossing 1320 is going to be tough.
LUPIN : CUP AND HANDLE pattern BreakoutAfter a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets.
Investment strategy:
Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) and 1470 (equality ratio for wave (i) & wave (iii).
Lupin below 1193.5Lupin made a lot of indecision candles in the daily time frame and last Friday it made a Doji
there is slight rsi divergence in the 1hr chart.
it broke a small triangle retested and trying to make a low below 1193.which is also very good support.
short below 1193 till 1182 book partial profits in between
#LupinDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
11/11/2020 Research Report For LuoinBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 1016
Final Sell Target @ 1040
💊 #lupin #niftypharma #nifty #bankniftyNSE:LUPIN
first long till PRZ level as per your trade setup and if find reversal at PRZ level then only book long and one can short as well if find reversal at PRZ.
FY21-22 Swing Trade Idea #17: Long on LUPINThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
LUPIN LOOKING GREAT FOR SWING TRENDLINE BREAKOUT AFTER 5 MONTHS OF CONSOLIDATION WITH HIGH VOLUME
RSI AND BOLINGER BAND BREAKOUT
LOOK GREAT FOR NEXT FEW DAYS
