lupin forecast, not surelupin formed double bottom, it could be a trend reversal for sideways market or it may be a regular double bottom, lets wait till neck line. I hope it side ways market. before lets wait and see
LUPIN trade ideas
57. Passive analysis. small pullback possibility (Negative DiverSL 885.... T1 = 860
For Educational Purpose only.
Gapup or down change the assumed scenario.
Lupin- Move on the horizonLupin about to breakout from a descending triangle. A breakout in either direction must be followed by volumes which indicates higher odds of success.
LUPIN - A QUICK SWING TRADE POTENTIAL ON A COUNTER-TRENDLUPIN
cmp 735
Long above 750 suggested.
Stop 715.
Target 800 plus.
Logic:
1) Stock trading at support zone.
2) Bullish divergence in MACD observed.
3) Support zone + Bullish divergence has had a strong counter trend rally in the past.
LUPIN - Short on the cardsIf Lupin breaks below 723 and closes for the week, it is highly probable to hit around 627.
High Probability Trade - LupinBreakout and retest done. If the lows of today are held we should be able to see higher numbers. Resistance Mentioned in the chart is the target with sl Below todays low.
head and shoulder formation on 4 hour charthead and shoulder formation on 4 hour chart, wait for confirmation
target 800
Lupin is back after completing 5 up waves, Lupin is back after completing 5 up waves, now in a reversal zone to next wave to upside.
Wait for minor wave 1 to complete or Leading diagonal to complete than look to buy for wave three sharp spike
LupinNews splashed in certain stock market related site-- a prominent one. The big bull made a huge investment in Lupin. At the time of this news, price of Lupin was 940. Today price is below 800. You are wise enough to understand what I want to point out.
Lupin 900 Handle TradeSell 900 PE CE will be the best trade.
But as Pharma is weak because of Auro's USFDA notification, we can short with a stop loss on break of 900 because that level will blow up many people's stop losses.
Lupin - Clearly Bullish bias to Wave 5Lupin seems to have finished Wave 4 in 1 hour time frame. Bullish movement seems very much likely.
LupinPharma segment is changing the track. Lupin above 200 DMA and consolidating in 4th wave. 50 and 100 DMA have given the cross on the upside. Resistance and 5th wave lies at 943-4.
Lupin, 200 DMAYesterday I covered this stock. Price rushing up from 200 DMA. This indicates that there is something cooking behind the curtain. However, it is possible that price can pull back towards 200 DMA to confirm the change in trend.
Lupin, 200 DMAOnce upon a time (3-4 yrs ago) it was a great stock. Now beaten down just like many other pharma stocks. However of late there is some perceptible recovery in select pharma stocks. Lupin created a small base and trying to limp up. After more than one year price today has reached 200 DMA and this is worth noting since it changes the trend.
