LUPIN
LUPIN option strategyLong on breakout confirmation...or short if price reverses from channel trendline
LUPINIm not an expert im just sharing my views on LUPIN for tomorrow
Im not responsible for any profit or loss this is not a recommendation
LUPIN - Intraday/Very short Term SwingThis analysis is purely based on Price Action and Chart Patterns
Target may reach in intraday trade or in a couple of days.
Trade Strategies are shared in image itself with proper Entry level, SL and Target level
*Trade on your own risk and money management*
Feel Free to comment for any queries or suggestions
Lupin : Stuck in a triangleLupin 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.
Lupin Bullish For Swing Traders.NSE:LUPIN
Lupin on daily chart tested its previous demand area and now looks like ready to move.
I am bullish in this counter for swing trade above 972 will get in if any 1H candle closes above the same.
will prefer to keep my SL below 905.
Lupin BreakoutI know it rallied the most but for short period one can buy... it formed flag pattern and another breakout can happen... take bull call spread with reduced risk of 5k (buy little Out of The Money) once you see the breakout of Days high.
LUPIN, Weekly and Daily coinciding supply 997-1083LUPIN,
All pharma stocks are bullish now , but there is a good Weekly and Daily coinciding supply 997-1083
there is a level-on-level also
cmp:957 11 aug 2020 Stock is in uptrend, so even it may work in the supply zone, as the sector is bullish and Lupin is also bullish, Risk, Reward may not be favourable.
Lupin - Bat pattern probability#lupin - Next trade on my radar
Bat pattern support zone 858-851, this pattern is again important because its prz aligned with daily support at 849 levels.
LUPIN - Weekly AnalysisStock holds a good support near 790-800 levels, the same levels acted as strong resistance in the past and when crossed stock did spend some time near those levels and then moved upside.
Hence any dip in the stock if happens , price action near those levels should be watched carefully.
LUPIN intraday setupLUPIN might bounce within the descending triangle before breakout....possible movements shown...
Lupin from 18 June 2020Lupin is trading sideways for a while, possible downside if breaks 416 the target is around 900 zone
multiple wicks can be seen on the downside .. resulting in exhaustion of demand zone (buyers ) break expected
breaks level of 416
target zone shown
Lupin Wedge formation taking place
target -940 b/w 2-3 days
stoploss- 900
if trendline get break then can get level at 880
Lupin , Ready to fall?Lupin has rising wedge, if it break channel then go for short. Target on chart.
LUPINBullish Bat | Lupin | 15 Min TMF
Prz Zone - b/w 810 to 818
Stop Loss - 800
Target 1 - 835
Target 2 - 840
Target 3 - 860 - 865
Lupin on weekly chart looking weak.NSE:LUPIN
Lets Read The Chart And Observe It
If you see the tail candle of 9th March 2020 week you can clearly see prices was rejected from the low of 504 and close at 605 volume was also good (Above Average).
Next candle of 16th march 2020 is also bullish candle with higher volume than previous candle. The 23th march 2020 candle was strong bearish candle form in supply area of 9th March candle.
Now come to the candle of 30th march nice strong bullish candle every retailer or price action trader who don't respect volume will now start thinking bull run has started, and start buying at any price they are getting. But look at volume its a above average volume but lover than previous volume. In the same week of 30th March 2020 we all started to see or hear from every source that Pharma Stock are going to boom on bias of COVID19, India will be supplying medicines to U.S and other major countries. And retailers started getting in and start buying.
Prices were getting higher till the week of 13th April 2020. Volume is still higher (Slightly Lower Than Previous Candle Volume) enough but range of the candle is now get narrow than all previous candles we observe till now. There also a good wick to this candle which clearly start indicating someone is start capping the prices or supply getting over the demand. Clearly at this point stock is weak.
Now let we see what happens in next two candles.
Candle of 20th April 2020 week one can immediately say its a bullish candle as it's closes higher with the highest volume we have seen and also a tail which indicate strong bullish sentiments. But can anyone think why the range is gets narrowed than previous bullish candles. Again clear indication of supply is happening in background. And we are now also in a territory of consolidation happened previously.
Now lets see what happened in last week (27th April 2020). Candle with tail gap up open at 899.95 make high of 906 find strong resistance at 901.75 made low of 811.55 closes near the low 835.30 volume above average not abnormal clear indication Bear Taken Over The Bull Move.
Note: 817.3 Is Support Level So We Can See Some Consolidation Between 817-901 Before Downtrend Started In Lupin.
LUPINLupin is in critical condition as per actual chart pattern. Because it shown in F&O short buildup and daily chart also showing negative. Last four hour price shows some positive movement. So if price for Monday first 15 minutes close below the support line then we can see around 5 % lower level from here .
