LUPIN - Consolidation and Breakout, High RR swing tradeHi traders,
Lupin has given a good opportunity after staying in a tight range for good amount of time. Now, as we can see that Lupin has given a re-test and the previous resistance has become a support.
I have already initiated the position at 1175 with a stop loss below the support i.e 1167.
1st target: 1205
2nd target: 1220
The Reward-Risk is 5:1 (Considering the first target)
This seems to be a high probable trade because there is a gap which is supposed to be filled. Also, the pharma sector is strong.
Feel free to comment your queries. I would love to respond to them.
Thank you,
Keshaw H. Agarwalla
Happy trading :)
LUPIN
LUPIN short term view - 4th June 2021After the Flag and Pole Pattern break out, Lupin has retraced and getting ready for the up move toward Target 1 - 1280 and Target 2 - 1300 and Target 3 - 1400 with the Stop Loss of 1225.
Entry - 1227 - 1230
Stop Loss - 1225
Target 1 - 1280
Target 2 - 1300
Target 3 - 1400
LUPIN LONG INTRADAY 26 FEB 2021Dear trader,
If u look at the chart of LUPIN (analysis based intraday only) the LUPIN support at 1035 and resistance at 1060.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more in depth analysis.
Symmetric Triangle Breakout Done and Can Break Resistance.
In Intraday most important thing is to enter and exit points.
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Lupin: Probable Trade Setup [Investment Opportunity]Long opportunity in Lupin, as it has given breakout. All you can do is to enter into a trade near the zone. Let it retest its swing low, so that risk-reward ratio become favourable.
Note: Wait till you get rejection candle in daily time frame near the zone.
LUPIN 4H Analysis - Long PositionLupin is looking very bullish from here. It can give huge targets in the coming days. Descending triangle breakout - can expect good levels around 1080-1100 in coming days.
Buy - 975+
St Loss - 945-940
Target 1 - 1050+
Target 2 - 1100+
A very good trade with risk to reward ratio more than 1:3.
LUPIN - LONG TERM PERSPECTIVE ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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