Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Currently, Lupin is trading at 50ema and DBR Support zone. If you look at the previous chart pattern, you will see that Lupin always took support from the 50 Ema end support zone and bounced.
So we can plan a buy trade at the current levels and it will be a low risk and high reward trade.
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Lupin is on the verge of a breakout from consolidation and looks good if sustains above 666 for the marked targets on the chart.
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Wait for a breakout of breakdown in hourly candle and one can enter as per market.
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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.