Lupin, Swing/PositionalSimple analysis for Lupin!
It has been consolidating between 1175 and 1246 from the beginning of this month. A break above can be traded for fibonacci pivot targets, and a break below the consolidation range can be traded as a short position for a target of 50 EMA.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
LUPIN trade ideas
CHANNEL + PENNANT PATTERN COMBO POWER !Traders, Lupin has already given breakout from horizontal channel pattern with very high volume and now it has formed pennant pattern . It has also given breakout from pennant pattern and now it is retesting it resistance line. Keep a tight watch at this stock. This analysis was only for educational purpose , feel free to give your feedback/queries.
LUPIN : Flag and pole pattern can be seen ,easy 12% gainAs we can see in the charts that Lupin has formed Flag and pole pattern,
so the logic behind this pattern is,
as much as the pole candle is formed we can expect the same after the breakout of a Flag pattern
which is 12%
We can see in the charts clearly explained.
Entry: 1230
SL: 1210 or as per your risk appetite
TP : 1350-1375 (that is 12%)
Happy trading and investing.
> We will enter only those trade whose risk is minimum.
> We will enter only those trade with which we are 100 % sure.
LUPIN Intraday to Positional TradeNSE:LUPIN Levels are Mentioned in the chart...
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Lupin - CMP: 1247The stock has given multiple pattern breakouts. ADX is indicating strength in the uptrend. RSI also indicating a continuation of the up-trend. It has given Wedge breakout on the daily chart as well as Flag Pattern breakout on today's EOD chart. We can expect a Pattern target as 1400 in the near term.