LUPIN trade ideas
LUPINNSE:LUPIN
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Lupin looking bullishLupin is now consolidating at Daily EM20 after reacting from a very good demand zone at 880. Expecting good upmove in the coming days...
Target price is 990-1000
LUPIN INTRADAYNSE:LUPIN
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
w- pattern formation with positive divergence rsiPositive Divergence in RSI. W-pattern formation at the bottom. looks bullish in coming days.
LUPIN | TRADE IDEA | 28/9/21All the reasons for the trade have been mentioned in image.
Happy Trading
A Clear Indication of Buying this share After a very deadly nose dive the share has taken a perfect support in its demand zone this share have a lot of volatility any news or buying candle will bring huge volumes towards this share the chart is self explainatory please read and help your self.
Bullish Reversal near demand zone in LUPINLupin has retraced to the demand zone (earlier supply zone) post heavy breakout and have shown a reversal sign.
Current view is based on following patterns:
-> Ascending triangle breakout retest (bullish trend)
-> supply zone turned into demand zone
-> bullish reversal sign through bullish candle with volume
Wait for the closing above demand zone
Nearest target is 1240
Lupin LongLupin could break its ATH in next year. Target 1 is 1400. Has potential for 2x.
View negated if US FDA, or other factors break the pattern.
Lupin sees strong traction for its India business and expects growth to be in the high-teens in FY2022, which would be driven by strong growth in the base business, especially chronic therapies. The US business is expected to be impacted by the price erosion in the near term while 2HFy2022 is expected to see a marked improvement driven by ramp up in Albuterol and Brovana. High potential / limited competition launches in FY23 provide further visibility for growth.
LUPIN Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near short term resistance.
LUPIN - IMPORTANT LEVELLUPIN - IMPORTANT LEVEL. Break Down and Retesting the Break Down Level. Any Bearish Candle Confirmation looking for Sell(Will wait for PINK EMA to reach near the zone for additional confirmation.
LUPIN LONG INTRADAY 2 SEP,2021Dear trader,
If u look at the chart of LUPIN (analysis based intraday only) the LUPIN Buy at 963 and Target at 975
Best Buy at 960.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
LUPIN - On support Lupin : Fall from 1150 to 976 in a week with strong volume backing up.
Currently Below 50/100/200 D moving avg's waiting on support level.
Considering current market all time high's - any correction in nifty will break the Lupin support and we can see further down trend -
may test 904 and 880.
Considering the strong support at 975 level- possibility of bounce back if market also supports.
Trade cautiously -- please do own research before investing.
