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.
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
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
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.