LUPIN LTDLong
Long
The market has recently experienced a strong rally, successfully completing a W pattern, signaling a bullish reversal. However, given the recent momentum, it is likely that we could see some pullbacks in the near term as the market consolidates. Additionally, the Nifty has shown signs of weakness which could contribute to further corrections.
Once a stable bottom is established after this pullback, it would present an ideal opportunity to build long positions. With the broader bullish trend intact and the W pattern indicating a potential continuation, targeting 3800 could be a realistic goal for the next phase of the rally. This target aligns with the measured move from the W pattern, and if the market resumes its upward trajectory, reaching 3800 would seem plausible.
Once a stable bottom is established after this pullback, it would present an ideal opportunity to build long positions. With the broader bullish trend intact and the W pattern indicating a potential continuation, targeting 3800 could be a realistic goal for the next phase of the rally. This target aligns with the measured move from the W pattern, and if the market resumes its upward trajectory, reaching 3800 would seem plausible.
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