LUPIN trade ideas
Multi Year Breakout - Cup and Handle PatternLupin Ltd. is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products.
The Stock broke out its multi Year Resistance with Cup and Handle Formation on charts. RSI perfect levels of 62.
Fundamentally the Company is performing good and is also expected to better in coming time. Mutual Funds have increased their stake from 11.94% in June, 2020 to 13.05% in March, 2021. The Pharma space is also doing excellent and the expectation are sound.
Accumulate for Targets of 1200-1300 with SL at 1040. Don't Miss it. Long Term Target 1500
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LUPIN : Large cap darkhorse of pharma spaceMonthly chart -
Weekly chart -
Have also included monthly and weekly charts, script seems to be bullish on all timeframes and currently consolidating which is a sign of healthy base. For short term, its in the range of 850-1100. Once this range is taken out decisively, fresh rally would be seen. Accumulate this as a strong portfolio pick.
Big Breakout in LUPIN* 04 years long consolidation breakout with high volume . Target 1500.00/1700.00/2000.00 .
LUPIN: breakout move above upper resistance line is bullish.
wait for breakout to enter long.
NSE:LUPIN
Lupin_8% upside in short termDate: 30 April 2021
Lupin (CMP:1,069.50)
Symmetrical Triangle Pattern
Target and Stop Loss for short is given in the chart.
LUPIN is at Breakout keep a close eyeResistance zone is there. Very crucial
I am hoping for a breakout
breakout in LUPIN.LTD......GO LONGLUPIN can be seen breaching the important resistance level/zone with the good volume, can make long position at CMP or can be really good pick at around 1122 level if it visit this level or also can buy at any pullback (if comes). may show good upside move upto 1280-1300 level. probable movement is shown on chart. stop-loss should be on closing below 1070 level.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS.
LUPIN Buy IdeaLupin is a decent company that hasn't rallied back for past 6 years. It looks like it bottomed up and looking for fresh up moves. Hence we will try to capture atleast 30% and provides excellant R:R. Target - 1485. SL around 975 levels.
Wedge Pattern LUPIN LIMITED Weekly Chart Stock is consolidating from last 4 months in same range, Target after breakout will be next Resistance of weekly chart which is around 1725
good for 1 year investment perspective
Lupin good for swing opportunity.We have a good swing opp. in lupin
Target , entry and Stoploss are mentioned
Lupin Playing RangeBuy Lupin - 2 Condition
Buy Above Any Day Close Of 1125
Buy Above Weekly Close Of 1100
SL - 970 (WCB)
Target - 1400/1700
LUPIN | Cup & Handle formation for 25%LUPIN | Cup & Handle formation for 25%
CMP : 1054 (Dip till 1000)
SL : 950
Target : 1350
Simple 1:3 risk reward setup
Analyed using weekly time frame. Hence please keep in mind this can take few weeks to perform.
LUPIN Looks good above 1100Lupin forming double rounding bottom pattern on daily chart. Buying volume can see in daily candle. Can give good opportunity above 1100 with the target of 1440 and SL of 970. 5 to 6 month time horizon.
This is only for the educational purpose. Please contact your financial advisor before taking any position.
Broad Market is helping Lupin!!!This hourly chart is clearly depicting the sentiments of the Broader Market Nifty Pharma. The Broader market is clearly on the verge of another breakout helping Lupin to gain that thrust. The support at the bottom is holding the stock whereas the volume is clearly helping the stock to rise further. It will be a great trade for short-term traders to ride till that resistance, but for Investors or positional traders, they do wait for that breakout of the resistance.
The Head and Shoulder pattern is also confirming the stock to go for a Bull Rally.
