LUPIN intraday setupLUPIN might bounce within the descending triangle before breakout....possible movements shown...
LUPIN trade ideas
lupin 23rd june 2020my tgt
BUY ABOVE 937.25 TGT-940/944/949/955/956..IF sustain on 956 (52 week high) than it goes upto 1000
sell below-933.80 tgt-930/925/920/915/910/900
Please do ur own analysis before trade.
This is only for education purpose.
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 bullish Pole-Flag bullish continuation patternLUPIN bullish Pole-Flag bullish continuation pattern on weekly and daily charts .
Check the chart for more details
Lupin Wedge formation taking place
target -940 b/w 2-3 days
stoploss- 900
if trendline get break then can get level at 880
LUPINLUPIN has 3 targets ahead but all above 924.90, which is 930, 938 and 947.
If it falls below 913-911, 895 is visible.
Lupin , Ready to fall?Lupin has rising wedge, if it break channel then go for short. Target on chart.
Lupin Buy for Intraday perspective A good channel breakout is possible in Lupin for Intraday anything above 915 will trigger a big green upside.
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
#LETSTALKABOUTMARKETS - LUPINLUPIN HAS BEEN AN OUTPERFORMER IN THE PAST FEW WEEKS. IT HAS GAINED BY 68% FROM IT'S LOWS, WHICH IS DOUBLE THE GAIN THAN THE NIFTY50 INDEX. MY ANALYSIS IS BASED ON WEEKLY TIME FRAME OF THE CHART. TECHNICALLY, THIS STOCK CAN PERFORM WELL EVEN AFTER POSTING AND PERFORMING SO WELL AND OUTPERFORMING CONTINUOUSLY. THE TECHNICAL INDICATORS ARE :
1. IT HAS A VERY STRONG SUPPORT LEVEL AROUND 800. IN THE PAST ALSO, THE STOCK HAS BOUNCED FROM THESE LEVELS AND MANAGED TO TRADE ABOVE 800 ON A WEEKLY BASIS. IT HAS A TEMPORARY SUPPORT NEAR 825-830 LEVELS. 800-830 IS A STRONG SUPPORT ZONE.
2. RSI - RSI HAS CROSSED 60, WHICH INDICATES THAT THE STOCK HAS PICKED UP MOMENTUM AGAIN . RSI INDICATES THE STRENGTH OF THE STOCK.
3.FIBBONACCI EXTENTION - LUPIN IS TRADING AT 23% RETRACEMENT AS OF NOW AND 38% WHICH IS AN IMPORTANT LEVEL IS PLACED AROUND 800.
4. BOLLINGER BANDS - BOLLINGER BANDS HAVE BEEN SQUEEZING, WHICH MEANS THAT THE VOLATILITY IS REDUCING AND MAKES IT A SAFE STOCK TO INVEST IN. BB INDICATES THE VOLATILITY, IF THE BANDS SQUEEZE IT MEANS THAT IT WILL TRADE SIDEWAYS BEFORE MAKING A SHARP MOVE.
5. MOVING AVERAGE - ON THE WEEKLY TIME FRAME, LUPIN TOOK SUPPORT AT THE 7 DAY MOVING AVERAGE AND BOUNCED FROM THERE. RIGHT NOW IT IS TRADING ABOVE 7, 20 AND 50 DAY MOVING AVERAGE INDICATING IT HAS STRENGTH IN IT'S MOVE.
LUPIN HAS OUTPERMED SINCE THE PAST SEVERAL WEEKS, AND IS STILL DOING SO. NIFTY MANAGED TO CLOSE IN RED BUT LUPIN MANAGED TO GAIN BY ALMOST 2% WHICH SHOWS IT'S A GOOD INVESTMENT. PHARMA SECTOR IS GOING TO BE IMPORTANT FOR THE NEXT 12-18 MONTHS AT LEAST, AND LUPIN IS A GREAT COMPANY TO INVEST IN .
TRADE WITH CAUTION AND FOLLOW STRICT STOPLOSS .
*THESE ARE MY VIEWS AND I AM NOT REGISTERED WITH SEBI*
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 .
