Its clearly indicates that Its below 633 MA , and not showing sign of recovery So it can further see downtrend for some time
Lupin take support at 1460 and also create hammer if reverse today and close in positive then lupin can show bull run otherwise next support below 1460 if 1400
Lupin has given a downtrend line breakout in 60 min chart. Buy = 1473 - 1476 Sl = 1460 Target 1 = 1500 Target 2 = 1520
LUPIN Form strong resistance or supply zone 1542-1550 From here stock move down 7. I was shorted 5-6 Times at this level now again tried here.. lets see
Lupin Ltd. trading in consolidation for long time and now it is again touching the strong support 1391.26 and we may see this stock to go upward with a target 1st 1543.89 and 2nd 1641.00, trader may enter this stock long but wait till retest of support again for better entry price between 1395-1400. risky traders my enter a cmp with stop loss 1380.00
Lupin after falling from highs is expected to complete ZZ correction with WC =0.618WA near Now the possibilities of lupin are 1. create complex correction with W as ZZ 2. Create Double ZZ 3. Create change in cycle. now one minor cycle 1-2/1-b is expected to be completed in lupin. cmp 1495 SL 1440 Target 1 1570 Target 2 1636 Reward min ...
Lupin should be moving downwards towards the lower end of the channel towards target of 1425
Lupin is setting for good pattern on monthly bar. here offer get risk reward not for investor but for trader also. positional delivery buy stop 1400 for short term trading call one may take 1460 as stop loss. all are cash level
NSE:LUPIN ....Lupin is breaking down from 1500 levels. there is a multi-time frame weakness visible on both daily and weekly charts. Pharma stocks are known to react to news very sharply and sudden turnaround is not ruled out. Trade with caution. Target: 1400 Stoploss:1560
NSE:LUPIN Lupin Breaking 4 day trading range on upward
The price action on hourly chart seems to be breaking out from a crucial support 1540. If it confirms then we might see downward rally to 1450 levels.