Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Lupin Ltd. was in a consolidation since September 2020. The consolidation was preceded by an up rally. The price gave the upward breakout on a weekly chart and closed at Rs. 1196.55 with huge volume support. This formed the price pattern known as up-flag on the weekly chart of this counter. I anticipate the price target of Rs.1,600 and suggest the stop loss at...
NSE:LUPIN
first long till PRZ level as per your trade setup and if find reversal at PRZ level then only book long and one can short as well if find reversal at PRZ.
Lupin had formed a Bearish Deep Crab Pattern
If the hourly close sustains below 1190 one can look at a downside move with targets
Tgt 1 : 1130
Tgt 2 : 1115
Tgt 3 : 1095
Pattern invalidated beyond 1230
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