Technical: Strong breakout Awaiting
After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500.
Market Cap: 1600 Cr.
Debt to Equity:...
Lupin has created the bottom in my opinion and now it is looking good for a bull run which will lead its price back to its all time highs. As everyone knows it has strong fundamentals with minimal debt available in its balance sheet.
On the technical charts it has created two strong Bullish Reversal Patterns which are Abandoned baby and 3 White Soldiers.
Tata motors supporting a trible bottom , and a breakout failure taking place.
With Price below the book value the stock is a long term Bet with an upside above 400
Entry somewhere between 280-300
Target 394 , 470