Short Lupin below 1064, Target 1043 - 1045. Reason for trade Divergence in RSI and RSI is looking weak. On Weekly timeframe shooting star has formed at top of the trend.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea is use...
Dear Followers,
I wanted to provide you with an update on the current resistance level for NSE:LUPIN . As of now, the stock is facing a notable resistance around 1105-1110. This level has historically acted as a barrier, slowing down the stock's upward movement.
It's important to keep a close watch on how the stock behaves around this resistance. If it manages...
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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LUPIN
A decent move has already come in this stock.
Now its in a zone where it has take some resistance.
Stock may consolidate a bit before breaking out above 800 and start its journey towards 950/1100 levels
If it’s Gap up or Gap down Avoid trade
DISCLAIMER:- I’m not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
#lupin...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Hello mates, As I know that this is month starting and this is not a appropriate time to analyze a chart on monthly time frame but I want to go some in deep to find out a pattern or kind of a reversal signs from strong support zones in it in Lupin so I may be find out some useful things could help someone that is all that it breaks a falling trendline on monthly...
A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Lupin
Time Frame = 1 Day
A hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset...
Prices have formed a ‘Flag’ Formation.
Volumes on the rally since 628 have been high on bullish days.
Prices have also cleared its previous peak of 788 decisively.
The upside momentum is expected to continue till 875 initially. Optimistically, price could also test 940.
Bullish outlook remains valid as long as price sustains 770.
BUY - LUPIN LTD
CMP - Rs. 875
Target - 1: Rs. 1300
Target - 2: Rs. 1154
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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buy @740 to 750 and hold at 1150
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
