LUPIN trade ideas
Tread movement Hear you can see that lupin maintaining uptrend and 200EMA line acting as a support level 🔸️
what to do is, BUY when market bouncing from green line (or) from 200 EMA line 🔸️
take SELL if breakout happens below the green line 🔸️
Note⚠️ Don't take immediate trade if breakout happens , observ if market taking breakout line as a support then go for SELL trade.
LUPIN - Consolidation and Breakout, High RR swing tradeHi traders,
Lupin has given a good opportunity after staying in a tight range for good amount of time. Now, as we can see that Lupin has given a re-test and the previous resistance has become a support.
I have already initiated the position at 1175 with a stop loss below the support i.e 1167.
1st target: 1205
2nd target: 1220
The Reward-Risk is 5:1 (Considering the first target)
This seems to be a high probable trade because there is a gap which is supposed to be filled. Also, the pharma sector is strong.
Feel free to comment your queries. I would love to respond to them.
Thank you,
Keshaw H. Agarwalla
Happy trading :)
Lupin Possibility of BreakOutLupin is looking bullish. Lupin has been consolidated between 1135-1150 past 15 days. During the consolidation period, it has tried 4 times to break the resistance and couldn't.
Today (july12), we can see more time spent near the resistance. There can be a gap up and BreakOut tomorrow.
#EductionPurposeOnly
#PlanYourTrade
Lupin { Bullish Flag } Buy if break with Stop loss mentioned. Also check the target line based on height of Flag
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse )
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
LUPIN The hope for LUPIN lies near 1163-1165, if it breaks down from there, we expect downside.
Below 1165-1163 it can trace back to 1148, below that a steep fall till 1110
If it sustains it above 1165, then can be played for 1185 levels
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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