Lupin is in a narrow zone now the rectangle is Buyers Zone, the stock is most likely to give breakout on either side, act after stable breakout dont rush.
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Lupin Positional Buy Level on Closing Basis
Buy Range 895 - 910
Target: 921, 939, 942, 948, 953, 959, 965, 970
SL 879
Stock may bounce above 906 only. Keep watch Friday's low 905.
If trade below 905 then next bounce level between 895-901
Posting for Educational purpose only
Closing Basis means stock need to trade above 895-910 between 3:20 ~ 3.30 PM
If my...
Lupin Pullback Intraday Buy Level
Buy Above 930
Target: 935, 939, 942, 946
SL 920
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Note: This is for educational purpose only.
There seems to be a pre-tested dynamic support at 21 EMA. 21 EMA above 55 EMA indicates short term uptrend. The only downside is that the slope of 21 EMA and 55 EMA is not too bullish. RSI nearing 60 indicates bullish momentum. Moreover, there seems to be a RSI trendline bullish breakout.
NSE:LUPIN | (Intraday/Swing Trade)
Entry:- After Breakout (Either Side It Breaks)
Stop Loss :- Previous Support/Resistance or (According To You)
Target:- (40 Points) From Side It Breaks.
(Risk Must Be Managed.)
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Note: This is for educational purpose only.
There is a bullish breakout from channel and long term resistance with ultra high volume. RSI above 60 which indicates bullish momentum.
