Lupin Buy for Intraday perspective A good channel breakout is possible in Lupin for Intraday anything above 915 will trigger a big green upside.
LUPIN trade ideas
LUPINBullish Bat | Lupin | 15 Min TMF
Prz Zone - b/w 810 to 818
Stop Loss - 800
Target 1 - 835
Target 2 - 840
Target 3 - 860 - 865
#LETSTALKABOUTMARKETS - LUPINLUPIN HAS BEEN AN OUTPERFORMER IN THE PAST FEW WEEKS. IT HAS GAINED BY 68% FROM IT'S LOWS, WHICH IS DOUBLE THE GAIN THAN THE NIFTY50 INDEX. MY ANALYSIS IS BASED ON WEEKLY TIME FRAME OF THE CHART. TECHNICALLY, THIS STOCK CAN PERFORM WELL EVEN AFTER POSTING AND PERFORMING SO WELL AND OUTPERFORMING CONTINUOUSLY. THE TECHNICAL INDICATORS ARE :
1. IT HAS A VERY STRONG SUPPORT LEVEL AROUND 800. IN THE PAST ALSO, THE STOCK HAS BOUNCED FROM THESE LEVELS AND MANAGED TO TRADE ABOVE 800 ON A WEEKLY BASIS. IT HAS A TEMPORARY SUPPORT NEAR 825-830 LEVELS. 800-830 IS A STRONG SUPPORT ZONE.
2. RSI - RSI HAS CROSSED 60, WHICH INDICATES THAT THE STOCK HAS PICKED UP MOMENTUM AGAIN . RSI INDICATES THE STRENGTH OF THE STOCK.
3.FIBBONACCI EXTENTION - LUPIN IS TRADING AT 23% RETRACEMENT AS OF NOW AND 38% WHICH IS AN IMPORTANT LEVEL IS PLACED AROUND 800.
4. BOLLINGER BANDS - BOLLINGER BANDS HAVE BEEN SQUEEZING, WHICH MEANS THAT THE VOLATILITY IS REDUCING AND MAKES IT A SAFE STOCK TO INVEST IN. BB INDICATES THE VOLATILITY, IF THE BANDS SQUEEZE IT MEANS THAT IT WILL TRADE SIDEWAYS BEFORE MAKING A SHARP MOVE.
5. MOVING AVERAGE - ON THE WEEKLY TIME FRAME, LUPIN TOOK SUPPORT AT THE 7 DAY MOVING AVERAGE AND BOUNCED FROM THERE. RIGHT NOW IT IS TRADING ABOVE 7, 20 AND 50 DAY MOVING AVERAGE INDICATING IT HAS STRENGTH IN IT'S MOVE.
LUPIN HAS OUTPERMED SINCE THE PAST SEVERAL WEEKS, AND IS STILL DOING SO. NIFTY MANAGED TO CLOSE IN RED BUT LUPIN MANAGED TO GAIN BY ALMOST 2% WHICH SHOWS IT'S A GOOD INVESTMENT. PHARMA SECTOR IS GOING TO BE IMPORTANT FOR THE NEXT 12-18 MONTHS AT LEAST, AND LUPIN IS A GREAT COMPANY TO INVEST IN .
TRADE WITH CAUTION AND FOLLOW STRICT STOPLOSS .
*THESE ARE MY VIEWS AND I AM NOT REGISTERED WITH SEBI*
Lupin on weekly chart looking weak.NSE:LUPIN
Lets Read The Chart And Observe It
If you see the tail candle of 9th March 2020 week you can clearly see prices was rejected from the low of 504 and close at 605 volume was also good (Above Average).
Next candle of 16th march 2020 is also bullish candle with higher volume than previous candle. The 23th march 2020 candle was strong bearish candle form in supply area of 9th March candle.
Now come to the candle of 30th march nice strong bullish candle every retailer or price action trader who don't respect volume will now start thinking bull run has started, and start buying at any price they are getting. But look at volume its a above average volume but lover than previous volume. In the same week of 30th March 2020 we all started to see or hear from every source that Pharma Stock are going to boom on bias of COVID19, India will be supplying medicines to U.S and other major countries. And retailers started getting in and start buying.
Prices were getting higher till the week of 13th April 2020. Volume is still higher (Slightly Lower Than Previous Candle Volume) enough but range of the candle is now get narrow than all previous candles we observe till now. There also a good wick to this candle which clearly start indicating someone is start capping the prices or supply getting over the demand. Clearly at this point stock is weak.
Now let we see what happens in next two candles.
Candle of 20th April 2020 week one can immediately say its a bullish candle as it's closes higher with the highest volume we have seen and also a tail which indicate strong bullish sentiments. But can anyone think why the range is gets narrowed than previous bullish candles. Again clear indication of supply is happening in background. And we are now also in a territory of consolidation happened previously.
Now lets see what happened in last week (27th April 2020). Candle with tail gap up open at 899.95 make high of 906 find strong resistance at 901.75 made low of 811.55 closes near the low 835.30 volume above average not abnormal clear indication Bear Taken Over The Bull Move.
Note: 817.3 Is Support Level So We Can See Some Consolidation Between 817-901 Before Downtrend Started In Lupin.
LUPINLupin is in critical condition as per actual chart pattern. Because it shown in F&O short buildup and daily chart also showing negative. Last four hour price shows some positive movement. So if price for Monday first 15 minutes close below the support line then we can see around 5 % lower level from here .
Lupin: Hold long as price is sitting above 100-week average100-week average support is located at Rs. 790. Stock found selling pressure around 840 earlier this month and that has put brakes on the rally. However, this pause will likely recharge engines for the next move higher as the weekly RSI is also reporting a breakout...
Lupin flirting with long-held hurdle, eyes four figuresLupin surged 20 percent last week.
Price rise was backed by highest trading volume since August 2018.
The high volume rally looks to have legs
Prices are flaring with the long-held the 100-week moving average at Rs.790. Acceptance higher looks likely and could be followed by a rise above Rs. 1,000.
Buy at CMP or dips for target of 1,000 with tight stop loss.
LUPIN OVERBOUGHT ZONE???Lupin recent low 500 to now 1 way up to 798 level.
near 818 seen some resistance if not sustain abv or cls then profit booking start.
its my view.
before taken any position plz ask your financial advisor help.
Earn from Financal market more than inflation and bank rates1. Understand risk management and protect the capital.
2. Fix the maximum loss per trade i.e 1.5 % of invested in trade.
3. Target is 14% (pre taxe) PA i.e FD interest @ 7% + 7% reward for risk taken.
4. Restrict trade with only large cap stock having value more than Rs. 200 to Rs. 1000
5. Appreciate the wealth.
Lupin: Will the fundamental heat in pharma continue? Pharma sector constituents are under good traction, whether they are directly racing to find the cure for COVID-19 or just acting as an ancillary medium to main players.
Technically, Lupin in particular, after getting out of a constricted regression channel, is in a bull drive with a healthy flag and now halted at a pennant. Here, Volumes are imbalanced both in positive and negative ends. Hence, an gaining a balance towards one end is likely to either continue the trend or reverse the momentum.
Point to note here is that the zone between the extended continuation resistance and the demand zone plotted should be considered a no-trade area as it is acting as the current mean and momentum can only be triggered beyond this value area.
Lupin Short trade for today - Delayed in updateHello,
Found shorted opportunity yesterday and took the short position at resistance for breakdown.
Today achieve the target of with 30 points 1 lot.
short - 615, Target - 585
Regards,
Satish
LUPIN KISSED MY PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Buy #Lupin with SL 680.Lupin after long time consolidation and now at strong support, ready for an upside breakout.
