Lupin, ShortThe weekly close was very bearish and there is a high possibility of a down trend.
Use for short sell and down target will be 675
LUPIN trade ideas
Lupin sell #Elliot_HarishRaoLupin breakdown sell this stock price action
sell weekly chart weekness show
Lupin Chart analysis Elliott wave Howdy Traders ,
You can see here that this is a 4-hour chart of Lupine. One to four waves are complete in this chart.
Retracement of wave 1 is 78.6%
Retracement of wave 3 is 300%
Retracement of wave 4 will be 50 or 38.2 %
we will wait for completion of wave 4 after it we can have wave 5 with minimum 61.8 % Retracement.
wave 4 will complete at 50% as per expectation with
long near @845 to 851 so we can have long position
SL @820
T1 936
T2 980
EXPECTING A BULLISH MOVE IN LUPINAs per the 2 Hour Chart of LUPIN, we have witnessed a Formation of a “Bullish Harami” along with a confirmation candle all together at the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 887.40, 899.95, and 913.05. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 862.95, on closing basis.
Closing Price (as on 04.02.22) : 875.15
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Bearish Pennat TradeThis is best example of bearish pennat trade.
if you want to learn chart pattern please comment.
LUPINLUPIN shown weak ness , buy/sell as per the charts.
only volume will decide weather it can be taken upside / downside..
lupin 1 hrmaking contraction pattern any side bo will give good move
do your own analysis before trading
Lupin 30 Min Chart Intraday Call Intraday Call 30 Minute Lupin.
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To Learn How I Created This Technical Analysis Call 9081469519 (KAUSHAL JAIN)
Simple Trade Setup | LUPIN | 20-01-2022 [INTRADAY]NSE:LUPIN
Observations:
1) On 1 day time frame, we can see that it bounce from 100DMA and closed near immediate resistance level of 960
Please refer below chart : 1day Time Frame.
2) On 1hr time frame we can see it is making ascending triangle pattern. Breakout and retest of 960-970 level range will give up move. But if it face resistance and failed to sustain above 960 then this pattern will fail and we can see down move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 20-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Lupin Head and Shoulder patternMarkings show that in Lupin Head and shoulder pattern might appear last two candles have good volumes on bearish index day and red candles have very less volume and size on Jan14,17. Potentially ready for upmove
Lupin buy if it sustain over 970 next day Target will be 50 rs and sl will be 20 rs.
As you see the stock brake the major trend then there is good oportunity in buying
LUPINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
LUPIN looking good for Swing Trade Stock is showing an Upside move after a sharp downtrend and Falling Wedge reversal pattern.
Also, stocks has retested the trendline on Daily Timeframe
One can plan entry at above 973 or after small retracement near 940
Please use proper risk management
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking a position
LUPIN NSE : PHARMA SECTORThis idea for use price ranging strategy.
And more with benifits,
(important: use for reference only)
Green lines are support and resistance.
Blue lines are key lvl( may use for entry ,exit ,risk lvl).
Goodluck , select your entry ,exit. ( your trade yours it's not mine)
Confirm after entry,
Use for swing.
lupin have a great protentional for upside lupin have a great protentional for upside. with the support of volume.
Long Lupin...High Probability SetupLupin
Cmp - 916
Stop - 894
Expectation -
T1 - 970
T2 - 1100, Review at 1100
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
Positional or Long Term Opportunity in LupinGo Long above 972.5 for Targets of 1091.5, 1210.5, and 1329.5 with SL 853.5
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Swing opportunity in Lupin From few weeks, Lupin consolidating in flag motion but past week it gives a flag potential breakout.
After retesting we target a swing opportunity for target 1100.
