It is been observed on the hourly chart that the price action breaks above the consolidating flag pattern indicating a bullish move ahead tomorrow.
Target: 1050
SL- 980
Lupin is trading in downward channel. At Support of channel, it made pattern like morning star.
Wave counting is also suggesting that 2nd wave is completed here and 3rd wave is to start.
Lupin is showing MACD hist divergence as well as rsi divergence. So is the time to buy or go with trend? From divergence perspective one could go long by keeping sl of 1045 for the first target of 1110-1120.
Lupin' Ltd:1183 RES :1400 , on break above the resistance the stock can find higher levels.
support1080
Divis' & Drreddy' updated. Sector wise, in pharma' if you have any one of this stock, that is enough.
Aurobindo Pharma' Ltd:644 is already having a breakout from the trading range,RES:730 stop:599
I am looking to Buy on CMP 1315 with stop of 1288 for 1st Target of 1363
Little risky trade since Pharma Stocks have lost all the faith in recent days due to huge gap down
Regards
Currently the stock is at 1284 with strict stop of 1238 one can trade this for 1350/1380levels. RSI almost bouncing back from oversold zone augurs well for the stock to se a min 5-7%
Lupin has been in a bearish phase since October 2015 & making lower lows & lower highs since then. Having consolidated around 1400-1500 range it gave a downward breakdown yesterday. The stock will be under watch this week to see if the breakdown is true or false
Investor are getting tired as there is no usfda problem for lupin now, still stock is not Moving, may the giant move is around the corner keep your eyes open
on weekly chart it has been observed stock is consolidating from a very long time, also its near the downward trendline. trade can be iniatiated once it goes above 1500 with sl of 1450 for 1570 , 1680
It is been observed on daily and weekly chart that the price action consolidated within a downward trend line and now it breaks above the downward trend line on daily and weekly chart indicating a bullish move ahead.
Target: 1650
Stoploss: 1500
Regards
as we can see the spinning top , evening star doji and bearish engulfing pattern right at the overbought condition and price below 8 ema and bearish divergence add to it
as we can see the bullish harami pattern and bullish divergence there and stochastic in oversold area and price trading above 8 ema we can go long on the stock
Lupin Ltd. engages in the manufacture of pharmaceutical products. It offers branded and generic formulations, biotechnology products, and active pharmaceutical ingredients. The firm caters to the cardiovascular, diabetology, asthama, pediatrics, central nervous system, gastro-intestinal, anti-infectives, nonsteroidal anti-inflammatory drug therapy, anti-tuberculosis, and cephalosporins industry segments. It operates through the following geographical segments: India, USA, Japan, and Others. The company was founded by Desh Bandhu Gupta in 1968 and is headquartered in Mumbai, India.
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LUPIN
