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...
Great Setup After Long Bearish Trend !
Monthly close above 990 can take it to 1200+ first and there on as suggested in chart.
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 :)
Note: This is for educational purpose only. There is a bullish breakout from channel and long term resistance with ultra high volume. RSI above 60 which indicates bullish momentum.
Lupin Pharma (daily) cup and handle breakout. Good volume as well.
Lupin Buy near 745-740 Target 765-775 Stoploss 725 Reasons For Trade- 1. Price has closed abover important support level of 740 on daily chart 2.Excess buying is done 725-730 levels. 3. Price has formed lower high on daily chart. 4.Price has filled gap near 725-730 levels. 5.Bullish candlstick pattern is formed on daily as well as weekly chart 6. Risk Reward is 1:1
ASCENDING TRIANGLE IN LUPIN HOURLY CHART SEPTEMBER FUTURES BUY@960 STOP@946 TARGET@980 LOT:700 QTY:2
Buy LUPIN @ 847-854. Target 925-945. Watch out for the golden bullish cross coming. If the cross comes then go long . The golden cross comes after 244. Lets see. Be ready.
Enter Long above 820 Target 826 & 840 SL 809