Stock has given good breakout also a good pattern formation one can trade using fib sequence given
The 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. To motivate me, Please like the idea...
pattern breakout with good volume (Early enty missed insided the pattern)
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Buy @ CMP CURRENT MARKET PRICE First Sell Target @ 1016 Final Sell Target @ 1040
Buy Lupin - 2 Condition Buy Above Any Day Close Of 1125 Buy Above Weekly Close Of 1100 SL - 970 (WCB) Target - 1400/1700
Lupin to take long above 1090 with the SL of 970 for the target price of 1575. High Risk to reward trade. This required a lot of patience & time. Also right opportunity to invest in the stock. Stock at Weekly Resistance area. This is for your educational purpose only.
On the long term chart, can move up to the next resistance.
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.
watch it guys... for intra and short term. (short term entry also possible , i will tell you when I feel bullish) remember 1. 978-989 area dominated by smart money(buy) and also 2. 1040-1029 area dominated by smart money (sellers). note this guys.u can set your RR 1:4,1:5 In this stock. go for mean revision levels are clearly mentioned.
Please follow the chart, targets are marked with the black lines and SL with red. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Look fresh in range 860-900 for upside 950-1040 in med term with SL 799..!!!
Precious seen AB=CD pattern o LUPIN. The "B" retraced at exact 61.8% and BC project at accurately 1.168%. After completing this pattern, extreme fall was seen in the price. ----------------------------------------------------------------------------------------------------- Bullish Butterfly pattern required "B" mid-point 78.6% retracement and The price can fall...