LUPIN : 5 Months Consolidation breakout LUPIN is showing 5 Months Consolidation breakout after a long 9 years breakout ... Potential upside possible 65-70%..
All data is available in public domain..
CMP : 2360
TG : 3400
SL : Below 9 Weekly EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery.
3: Technical : 21/55/200-EMA, RS>0, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Lupinindia
Lupin Ltd: Technical Analysis - December 2024Lupin Ltd (NSE: LUPIN) has displayed an impressive uptrend throughout 2024, supported by a strong ascending trendline (yellow). The stock has experienced healthy corrections along the way, forming a well-defined channel (blue) during its recent consolidation phase. Let’s break it down:
Key Observations:
Uptrend Continuation:
The broader trend remains bullish, with the stock bouncing off the lower boundary of the channel and showing signs of a potential breakout above the resistance.
Channel Pattern:
A descending channel formation suggests a corrective move within the larger uptrend. The breakout towards the upper end of this channel indicates renewed buying interest.
Support & Resistance Levels:
Key Support: ₹1,697.50 (red horizontal line), which aligns with a previous demand zone.
Immediate Resistance: ₹2,200 - ₹2,250, marking the channel breakout zone.
Outlook:
A sustained move above ₹2,200 could trigger a new leg of the rally, targeting ₹2,400 and beyond. On the downside, ₹1,900 and ₹1,697.50 will act as crucial supports in case of a pullback.
Trading Strategy:
Bullish Bias: Buy on dips near ₹2,100-₹2,150 with a stop-loss at ₹1,900.
Breakout Play: Enter on a decisive close above ₹2,200 for potential upside.
This technical setup provides a promising outlook for Lupin, making it a stock to watch in early 2025.
Stock Market Analysis Report: Lupin Limited (NSE: LUPIN)
Introduction
Greetings, traders! If you're looking for a pharmaceutical stock that might just cure your portfolio blues, look no further than Lupin Limited. This stock is brewing up an interesting pattern that’s worth a closer look. Let’s dive into the technical details and see what’s in store!
Price Action Overview
Chart Analysis
Current Price: ₹1,759.30
Daily High: ₹1,767.00
Daily Low: ₹1,598.25
Volume: 10.039M
Key Technical Indicators
Bearish Gartley Pattern: The chart reveals a bearish Gartley pattern, suggesting a potential reversal.
Rectangle Pattern with Potential False Breakout: The price is within a rectangle pattern, hinting at a potential false breakout.
Decreasing Volume: The volume is on a decline, which could signal weakening momentum.
Detailed Analysis
Bearish Gartley Pattern
Formation: The Bearish Gartley pattern, marked by points X, A, B, C, and D, indicates a potential reversal from the current uptrend.
Implications: This pattern suggests that the stock might face resistance at the current levels and could potentially see a pullback.
Rectangle Pattern with Potential False Breakout
Rectangle Pattern: The stock price is trading within a rectangle pattern, showing consolidation between support and resistance levels.
False Breakout: The current breakout might be a false one, as indicated by the rectangle pattern and the resistance at point D.
Decreasing Volume
Volume Trend: The decreasing volume trend suggests that the current upward momentum might be losing steam.
Significance: Lower volume during a breakout can indicate a lack of strong buying interest, increasing the chances of a reversal.
Price Targets and Support Levels
Immediate Resistance: ₹1,800.00 - This is the next resistance level to watch closely.
Support Levels:
Primary Support: ₹1,600.00 - A key level to maintain for bullish sentiment.
Secondary Support: ₹1,400.00 - A more conservative support level aligning with previous consolidation areas.
💊📉
Conclusion
Lupin Limited is showing a bearish Gartley pattern with a potential false breakout within a rectangle pattern. The decreasing volume adds caution to the current bullish momentum. Keep an eye on the resistance level at ₹1,800.00 and monitor the volume to gauge the strength of the current trend. Happy trading, and may your portfolio stay healthy and robust! 🌿💰
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
LUPIN | Fall ExpectedDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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#LUPIN... Looking good 29.05.23#lupin...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
LUPIN - Low risk High Reward TradeCurrently, 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.
I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for more of these kinds of analysis.
Lupin Ltd_Swing Trade SetupThe Fib Levels for Lupin Ltd is listed for 14-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
How Does This Work?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session.
Duration: This is good for Swing Trade setup and is valid till it reaches Fib (0,786) Targets on either side.
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
LUPIN LEVELS FOR MONDAY - 24-10-2022Important LUPIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
#Lupin Swing Trade OpportunityNSE: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.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.