LUPIN trade ideas
Lupin Long Rally for InvestmentHello Traders,
Lupin is in Long View for atleast next 1 Year. Lupin shows a strong Breakout of Trendline and with support of Volume and RSI in Weekly Timeframe.
Targets are also labelled in Chart.
Lupin - Will it sustain?The patterns seen in the chart in daily time frame are rounding bottom and upward channel. Price gave break out today.
Plan A : Buying if the price sustains 715 – 720 for the targets 728,734,742 and 748.
Plan B : Observe and go short if price shows bearish strength below 715.
Plan C : If market give surprise with gap up/gap down, trade using support/resistance.
Note : Wednesday is a trading holiday and don’t carry overnight position with out hedging.
LUPIN LongStock looks good for a move up , plots on the chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
LUPIN - Ichimoku Bullish Breakout Stock Name - Lupin Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 727
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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LUPIN ....LUPIN ...
1- forming Inverted h&s pattern / cup handle
/triangle
2 - good volume
3 - price forming higher low bottom
4 - price trading at 200 ma buy above only
5 - rsi 56 momentum above 60 it will give good
move
buy above day high
t1 @ 689
t2 @ 698
cup handle BO target
above 700 only
t1 @ 710
t2 @ 724
t3 @ 735
Short term bullish bias on LupinLupin Bullish Bias on Hourly Chart
+ Price break out of Ascending triangle pattern
+ High Relative Strength
+ Bullish Dragon pattern on ADX on Hourly chart
LUPIN MONTHLY BULLISH BAT
Earlier this Pattern given good reaction on Type1 entry & hit Target1 now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
What is falling wedge In trading a very imp level which is called Fibonacci levels,I don't know why they work but they work very well.In this graph we can see a yellow range which is 0.618 level at small time frame,a light blue range(0.5 fib) at LTF(large time frame,a dark blue(0.618) at LTF.
Now let's observe the falling wedge . First of all falling wedge means weakness in downtrend.In falling wedge the momentum of sellers must decrease then it is a right falling wedge but if you are drawing your imaginary falling wedge but the momentum of sellers is increasing and buyers are still weak at breakout so bro or sis you are wrong.
In this trade we have a 0.5 fib level as a strong support so we are not going to sell here in any condition because buyers are getting strength during formation of pattern.And after breakout entry taken.Now how to decide target ,first of all our target is PDH but it is too long for intraday and we know the value of fib level so 0.618 may be our target.
Hope this post will help you. This post is only for education purpose. Please ignore grammar mistakes 😊.
Lupin AnalysisPrice & Volume relationship
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Yes, Volume is supporting upside movement.
Wait for breakout & Once the pattern along with that swing high is taken out we can enter, and Fresh Buy can initiate.
LUPIN ....LUPIN ...
1- forming double bottom
2 - good volume
3 - price made bottom
4 - price trading above 100 ma
5 - at 680 price 200 ma der
6 - bullish rsi momentum 54 above 60it will rock
above 680 it will give very good move
buy above day high
t1
t2
t3
Lupin, symmetrical triangle formation.Wait for proper breakout of triangle.
Target 1120 on intraday basis.
Its time to short Lupin for the targets 613 and 557Lupin looks very weak on the daily charts.
Trade setup according to the 3 parameter strategy
Short - 632 Enter the trade near the close
Stoploss - 664 for the aggressive traders
Target 1 - 613
Target 2 - 557
Breakout in LUPINBreakout in LUPIN
Entry: CMP
Target: 700
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Lupin Cup & handle formation cup and handle pattern is in formation . along with triangle . Could be bulish
Swing in Lupin Support and resistance was forming Lupin
If it breaks the down side direction ⬇️
Probability of short works, if it retracement happened
Probability of long happened,
Happy trading 😀
[POSITIONAL] LUPIN LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Lupin at a support level. Short on breakdown.Lupin at a support level, you can go short once it breaks the level. ⚠️ The volume of the breakout/breakdown candle should be good enough.(/or the breakout candle should be strong). Place Stop-loss logically // Ignore if the stock opens gap-up or gap-down. // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target. Target1 : 667Rs & Target2 : 662Rs.
LUPIn in demand zone reverse started LUPIn taking support in yesterday low point.
which is demand zone.
Maybe reverse from here
And intraday target 182
Dont BuyEven though people say to buy this stock to see short range, don't fall for trap. The stock is in a big downtrend movement and the rise u see is just a correction. Since the Market is bit bullish,the correction is seem to stretch. But this price will fall again soon. so don't buy this stock as per technical analysis
Lupin given breakoutLupin good on chart.
Enter Above 697,safe can enter 700
stoploss 670
target is 780
LUPIN looking good for 800, Next swing targetA beautiful parallel channel about to be broken with high volume, after a good consolidation if it breaks out it can give sharp upmove towards 800. With little risk.
