LUPIN | Fall ExpectedDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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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.
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LUPIN LEVELS FOR MONDAY - 24-10-2022Important LUPIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
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Simple Trade Setup | LUPIN | 20-01-2022 [INTRADAY]NSE:LUPIN
Observations:
1) On 1 day time frame, we can see that it bounce from 100DMA and closed near immediate resistance level of 960
Please refer below chart : 1day Time Frame.
2) On 1hr time frame we can see it is making ascending triangle pattern. Breakout and retest of 960-970 level range will give up move. But if it face resistance and failed to sustain above 960 then this pattern will fail and we can see down move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 20-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.