lupin pole-flagafter a cup and handle lupin chart forming pole and flag pattern so we can enter in trade with time line and small stop loss.
risk reward data are given in chart.
LUPIN trade ideas
FLAGPOLE PATTERNSTOCK HAS BEEN CONSOLIDATING AFTER A BREAKOUT. CHANCES OF THE BREAKOUT ON UPSIDE IS HIGH. FORMATION OF BULLISH CANDLE ON THE LAST TRADING SESSION. IF THE UPMOVE CONTINUES WE MAY EXPECT THE STOCK TO REACH THE TARGET.
Neutral Trade on Lupin LtdLupin Ltd is at crucial level after consolidation from higher zone. Fundamentally stock looks good
Technically, go long on Lupin if it breaks trend line with good volumes on upside
Go Long above @1211.80 Put Stop - 1200 and look for target upto 1226 - 1232
Similarly if it breaks 50EMA go short below @1202 Stop Loss - 1208 look for target upto 1160 - 1180
Neutral Trade on Lupin LtdLupin Ltd is at crucial level after consolidation from higher zone. Fundamentally stock looks good
Technically, go long on Lupin if it breaks trend line with good volumes on upside
Go Long above @1211.80 Put Stop - 1200 and look for target upto 1226 - 1232
Similarly if it breaks 50EMA go short below @1202 Stop Loss - 1208 look for target upto 1160 - 1180
LUPIN Head & Shoulder Pattern Formation in Monthly time frameLUPIN Head & Shoulder Pattern Formation in Monthly time frame
LUPIN BUY 1200/1210
TARGETS 1287/1585++
SL 1090
breakout retestas shown the stock is time and again retesting the trend line that was earlier acting as a resistance.
with todays volume in the last one hour, this counter can show decent movemnt in near future.
target can either be the swing high or the average range of the candles before breakout....suit it as per your needs.
" ALWAYS TRADE WITH HEDGES ANS STOPLOSSES...BE CAREFUL TO PROTECT CAPITAL AT ALL COSTS"
Lupin levels for tomorrowLupin Gave a nice target of more than 1% today .
After hitting the resistance the stock fell heavily and currently taking a support at an important level.
Looks like it is about to form a H&S.
if it retest the blue trend line and again gives a 15min closing below 1193-1196.65 area then next target is 1173.7
Since this is against the major trend take quick profits at pivot levels and trail SL.
In daily time frame it formed a higher rejection candle today
it is consoildating between the top resistance zone and bottom support zone in daily time frame.
breakdown of important trendline.
Below our levels it will be an H&S pattern.
below 200ema of 15min
Book partial profits at 1184 and trail SL cost to cost since tomorrow s1 will be at 1184 level
Ignore if this opens gap down below the levels.
This is purely my personal view on the script. Trade at your own risk and knowledge.
Lupin levels for tomorrowNSE:LUPIN
Uptrending stock on higher time frame.
Ascending triangle formation by respecting an uptrend line.
LUPIN ASCENDING TRIANGLE LONG BREAKOUTLupin forms an Ascending Triangle Pattern on Weekly Chart and has also given a long breakout with high volume.
RSI is 67 which shows the strength is good.
One can buy at CMP and add more at dips nearby 1170.
Height of Triangle = 1100 - 850 = 250, so Target1 = 1100 + 250 = 1350~1360 & Target 2 = 1500.
Maintain SL as most recent swing low in the ascending triangle = 970~975.
Note: Only for educational purpose.
Ascending Triangle Look for LUPINLupin is very close to its ascending triangle breakout so I would suggest only BUY calls for Lupin.
Don't think about shorting Lupin as long as it is taking support on the trendline.
On 15-min timeframe, it has the support of EMA 200.
If the Pharma Sector tomorrow goes up, you can easily achieve the target for about 2% in Lupin if not, it may take some more time to breakout.
I would suggest a target of ₹1245 and buy only above ₹1220.
Trade only if opens in an upward direction, otherwise, it will again hopefully take support from its existing trendline.
All the best.
Keep learning, keep trading.
LUPIN Levels for 24-MAY-21(Intraday)
Buy above 1221 for 6,13,20+++
Sell below 1206 for 6,13,20+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
lupin for monday (24th may)On 15min tf, lupin looks very good for upside and the downside for monday (24th may)....
keep an target of 1% of the stock....
This type of patterns mostly give breakout on the upside
Swing And Intraday Idea for LupinThis is showing great levels even if it goes down the trend line its a good buy after that dip.
LUPIN Levels for 17-MAY-21(Intraday) Buy above 1185 for 6,13,20+++
Sell below 1175 for 6,13,20+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Support 1099 and resistance at 1250-1300If 1099 is held up on a weekly basis then we may reach 1200, 1300 and 1400 else we may see the downside of 923 and 875. But crossing 1320 is going to be tough.
LUPIN : CUP AND HANDLE pattern BreakoutAfter a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets.
Investment strategy:
Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) and 1470 (equality ratio for wave (i) & wave (iii).
LUPIN 15m time frameLupin forming a Bearish flag and pole patter in a 15-minute time frame. If the market is normal lupin should go south. Wait for a clear breakout and a confirmation.
Trade Wisely...
