LUPIN trade ideas
Lupin Ltd.The price is trading low following a huge gap down..so the price must test its gap down level which is 733 to 718 also there's chance of short covering after a good sell off. For swing trade, good buy above 664 after retest for a target price of 672 & 676 and good sell is below 656.45 for a target price of 646 & 637.85.
Trade wisely at your own risk,
Good luck, Jai Hind.
#LUPIN #LAURUSLABS #ZYDUSLIFE #APOLLOHOSP #FORTIS #AARTIDRUGS #I#LUPIN
NSE: LUPIN
CMP: 756
TP: 910
SL: 700
TF: <6m
RR > 3 times
Return > 20%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
LUPIN - Long viewWith prices closing above all the important EMA the stock is looking technically strong. One can look to enter the trade above 771 with a target of 848 keeping a stop loss of below 732. RSI is reaching almost at the 60 level mark. Once sustains above the mark the stock should give some momentum. Wait for RSI to move above 60 on the DTF.
The views presented are of the author and are for educational purpose only . Kindly consult your financial advisor before investing.
Lupin 1hrLupin is looking good setup for tomorrow Lupin is in uptrend in 1 day time frame
it consistantly making higher highs in in 1 day time frame in 1 hr chart it took
correction it came to previous higher high its is acting as a resistance it is also looking
like head and shoulder pattern tomorrow it either breakout that resistance nor
it will give reversal wait for the confirmation candle
Thank you
Lupin IndiaSSI Live Trading Series
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