Lupin pharmaceuticals has formed classical double bottom W pattern in 15mnt, weekly & monthly timeframe. Just to illustrate easily i have posted weekly timeframe screenshot. It should sustain above 1200 levels. Nice 3 weeks consolidation seen on that levels. Looks like it’s ready to move mies away. Because this technical pattern targets are normally upside...
Date : 31-03-2024
Buy LUPIN above 1626
Target of 1652-1679-1705-1786
SL 1593
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Nice expanding flat forming in this particular stock, can go long. Don't know about overall trend, its kind of moving upside. But if you go by monthly view, this whole thing is corrective in nature to previous monthly wave. you can never be sure about these kind of waves, they can go break previous monthly high even going slowly or sometimes they suddenly falls....
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
The chart is self-explanatory and shared for educational purposes.
1. Moving Averages (MA): LUPIN stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend.
2. Trendline Support: The stock has strong trendline support, line 1 provided too slow as the uptrend accelerated....
Follow the trend line. when ever price will be near trendline you can add your position . There are no down trend as i can see. If there is a panic selling above trendline just peramiding your position .
Support: 1490
Consolidating area: 1490-1519
Good Stock For Long Term
stock has formed a cup and handle pattern. A sustained move above 1418 should be considered as a breakout. The measured target is coming in the range of 1455-1460.
Looks Good on Monthly as well as on Daily Time Frame.
Double bottom Breakout on MTF and upward sloping channel Breakout in Daily Time Frame.
Not a call/Tip.
Stock mention in chart has very high potential of upside. and very large target will give in couple of years.
make entry & stop loss perfect.
targets will be ours.
FOR LEARNING PURPOSE
LUPIN LTD- This stock looks good to me and so I have bought it today.
Currently its trying to come out from a long base of last 5Y
I have bought it with a tight SL at place and the goal is to make some good returns.
The minimum I am looking for is 35% return from here.
Any who wants to add a quality stock in their demat can be go with LUPIN because lupin pharma share has been in very good strong upward momentum from the last 6 months and higher chances of that it will continue its upward journey .Because of the pattern of the share is like first go up and then go down , then again go up and then some downwoard moves , from last...
LUPIN looks good on weekly charts for swing trading , If closes above 990 tomorrow i.e 4th aug 2023 and on monday(7th aug 2023) if it crosses fridays high then it can give a good move till the levels of 1130-1200 with 960 as a support on closing basis below which it will become weak .
THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH...
