NSE:LUPIN
Targets Mentioned on chart.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌...
Pole and flag visible in 1hr timeframe
Consolidation in range for last 5 trading sessions
Active above 788
Target on Chart
SL 777
Idea invalid if 1 hr candle closes below 777
NSE:SUNPHARMA
#NSE:SUNPHARMA trading bullish @ 2015 resistance level, last month tried to BO, and retraced for a month, now again trying for BO with good volumes.
All potential levels marked on chart for LEarning.
Sharing the potential levels daily like this, If you like the analysis, hit the like.
Happy LEarning.
LUPIN Formed Cup and Handle Pattern. Wait for proper breakout and retest and based on that, one can look for BUY side entries.
Please HIT the like button, this motivates us to make more such analysis.
For more such trading content follow us on ( @tradechefofficial )
NSE:LUPIN
Observations:
1) On 1 day time frame, we can see that it bounce from 100DMA and closed near immediate resistance level of 960
Please refer below chart : 1day Time Frame.
2) On 1hr time frame we can see it is making ascending triangle pattern. Breakout and retest of 960-970 level range will give up move. But if it face resistance and failed to...
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
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
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.
Lupin 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.
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
Lupin has fallen decent. Tome for Pullback. Consider it buying as risk and reward is very favourable.
LUPIN
Buy - Above 985
Sl -965
Target - 1050 1100 1150
![LUPIN: Simple Trade Setup | LUPIN | 20-01-2022 [INTRADAY]](https://s3.tradingview.com/u/UclvT1NW_mid.png "Simple Trade Setup | LUPIN | 20-01-2022 [INTRADAY]")
