LUPIN might show good bull trend 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.
Lupinanalysis
Lupin Ltd. : Trend ReversalLupin 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.
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.
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Happy Trading!
InvestPro India Team
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
Buy LUPIN Intraday BUY LUPIN INTRADAY
BUY - ABOVE 1100
SL - 1095
TARGET 1110 1120
We Will Re-enter for positional if price sustains above 1125
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Lupin Positional Buy Range 895-910Lupin 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
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Lupin - Hammer at 21 EMANote: 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.
LUPINNSE: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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