Buy Lupin above 1015 for the target price of 1090 with SL 975 . Support taken well & stock is moving upward. RSI is also forming +ve divergence. This is for your educational purpose only.
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.
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
LUPIN POSITIONAL Trade setup
entry can be below 900 to 910 levels
LUPIN can hit targets of 960 within December expiry
primary Target can be 930 and trail to 960 level
Stop loss of 880 level
Lupin Positional Buy Level on Closing Basis
Buy Range 895 - 910
Target: 921, 939, 942, 948, 953, 959, 965, 970
SL 879
Stock may bounce above 906 only. Keep watch Friday's low 905.
If trade below 905 then next bounce level between 895-901
Posting for Educational purpose only
Closing Basis means stock need to trade above 895-910 between 3:20 ~ 3.30 PM
If my...
Note: This is for educational purpose only.
There seems to be a pre-tested dynamic support at 21 EMA. 21 EMA above 55 EMA indicates short term uptrend. The only downside is that the slope of 21 EMA and 55 EMA is not too bullish. RSI nearing 60 indicates bullish momentum. Moreover, there seems to be a RSI trendline bullish breakout.
Although price making symmetric pattern which has the possibility of breaking both the way I prefer long since the price just breaks 3 years of resistance and came back for retesting 1000 levels.
Looking Bullish after and Impulsive move , and 60% retracement at 990 zone , overall formed Flag pattern , as previous trend is down, need to break 1st Resistance to hit next.
Lupin look bullish, for Intraday setup CMP at strong demand zone, potential stoploss 🔺 is 983-984. As previous down, need to break 1st Resistance to Make up to 1040+.
Price at Trendline(diagonal) support , touching 3rd time which create strong zone , bullish scenario can be expected after breakout with strong momentum.
Price breaks 2 years of resistance ( 1000 levels ) finally and closed above 1060 resistance levels. Now we can expect the price to move on to 1180 resistance level and consolidate there.
In the pic you can clearly see the retest levels, here if you look into it price before this break out it actually breaks 1000 levels but unable to sustain and reached the...
On Friday Lupin closed above it's major Supply Zone @ 960-985.
If it will manage to sustain above this zone then in coming weeks it may test it's next Supply Zones @ 1085 and 1030-1070 on the upside.
This will be my positional trade for the next week.
I will update my trade and updates for this trade in this post. Follow this post to get the notification.
Thank X :)
