whole sector is bullish but lupin is weak!!! NSE:LUPIN
Simple analysis for Lupin! It has been consolidating between 1175 and 1246 from the beginning of this month. A break above can be traded for fibonacci pivot targets, and a break below the consolidation range can be traded as a short position for a target of 50 EMA. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea...
Buy Lupin Stoploss 1285 target above 1270 Pennant pattern Breakout and Retest Structure
Have already posted the trade idea (link below) based on weekly chart and levels After dissecting down to daily TF, got a good structure
- Double top pattern / M pattern - Sell after conformation
Breakouts at daily level done Pullback / Accumulation at hourly level done Break of VCP pattern done
The 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.
In 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.
flag pattern breakout, trend is stong bullish
Stock has given good breakout also a good pattern formation one can trade using fib sequence given
🔰 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...
The 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...
Lupin 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...
NSE:LUPIN Uptrending stock on higher time frame. Ascending triangle formation by respecting an uptrend line.
If 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.
After 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) ...