L U P I NLUPIN FUT broke above descending channel with decrease in OI suggesting short covering, made DOJI candle on friday on daily charts which suggests reversal.
Could b bought with mentioned stoploss & targets.
LUPIN READY FOR A DECISION MOVE.we will be waiting for moves in lupin most probably down wards but still to monitor on 18 oct 21 for first hour. very impressive down side seen however a little side ways for the rsi to go up a little bit then downward rally continues. Approx 2 lakh shorts in future on 14 of oct confirms more downsi
Buy call for Lupin pattern under formationthis is a pure large cap company it has already been shaken off from 1274 levels to 912 levels made sort of W pattern formation under process i strongly suggest to make buy positions in this share and can keep adding till 860 levels for LT target of 1325
Inverted H&S On LupinLupin is about to give breakout of inverted H&S at 1080 neck line...Target is 130 points from breakout at 1210 and sl is at 1040
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of LUPIN FUTURES is 1,939.00 INR — it has risen 0.42% in the past 24 hours. Watch LUPIN FUTURES price in more detail on the chart.
The volume of LUPIN FUTURES is 2.53 M. Track more important stats on the LUPIN FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For LUPIN FUTURES this number is 6.18 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LUPIN FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for LUPIN FUTURES. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of LUPIN FUTURES technicals for a more comprehensive analysis.