LUPIN LTDShort
Lupin : Stuck in a triangle
Updated
Lupin is stuck up in a triangle ( as marked in the chart).
It has hit the long term trendline resistance, where D wave seems to be completed.
Other reasons -
Daily chart RSI showing negative divergence.
Candlestick pattern has created a Dark Cloud.
A close below 990 will take Lupin below 900 in days to come.
It has hit the long term trendline resistance, where D wave seems to be completed.
Other reasons -
Daily chart RSI showing negative divergence.
Candlestick pattern has created a Dark Cloud.
A close below 990 will take Lupin below 900 in days to come.
Trade active
I would like to propose that D wave can be considered complete at this stage on the upper trendline resistance of the triangle. E wave to begin now.Trade closed: target reached
E wave completed . Trade can be closed now
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