stock has formed a cup and handle pattern. A sustained move above 1418 should be considered as a breakout. The measured target is coming in the range of 1455-1460.
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.
I hope this analysis was helpful to you. If so, I would appreciate it if...
Lupin Reversing from Support of EMA & Channel Support
Positive RSI on Daily & Weekly Timeframe
Expecting 20-30% move from here
Long term bullish from these levels
will revise my target after crossing 870-880
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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InvestPro India Team
Hello Traders,
Lupin is in Long View for atleast next 1 Year. Lupin shows a strong Breakout of Trendline and with support of Volume and RSI in Weekly Timeframe.
Targets are also labelled in Chart.
LUPIN : near Breakout on daily chart. wait for breakout.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NSE: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.
📌...
Pole and flag visible in 1hr timeframe
Consolidation in range for last 5 trading sessions
Active above 788
Target on Chart
SL 777
Idea invalid if 1 hr candle closes below 777
LUPIN Formed Cup and Handle Pattern. Wait for proper breakout and retest and based on that, one can look for BUY side entries.
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This idea for use price ranging strategy.
And more with benifits,
(important: use for reference only)
Green lines are support and resistance.
Blue lines are key lvl( may use for entry ,exit ,risk lvl).
Goodluck , select your entry ,exit. ( your trade yours it's not mine)
Confirm after entry,
Use for swing.
