LUPIN trade ideas
LUPIN 1M LONG ViewLUPIN at a very crucial level and expected to reverse from this point.
Very High Risk : Reward trade.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Lupin short LUPIN pharma is in downtrend and it likely to hit major support @558 one can look to place buy order here as this is big weekly support and wait for one green weekly candle close above 558 for confirmation also stock is completing a rounding top pattern let's wait for bit more then jump. #Robinhood Investment #Prediction analysis. Don't copy try to learn no one going to feed you lifetime ( I am a bot trader 😃)
Monday Intraday Stock (23/05/2022)As We Can See On A Daily Time Frame Of Lupin Pharma Stock It Had Formed A Inside Candle, So On Monday Whichever Side Give Breakout Simply Take Trade And Hold Till Target
Note: Only Take Entry When Stock Open Flat To Normal Gap up, Otherwise Avoid The Trade.
Trade At Your Own Risk It is My Personal View What I think About So Trade Safe According To Your Risk Apetite.
Lupin Lupin may see Short covering rally.
It may results in stock rise to 880-900.
Lupin Closes above resistance level.
This may push stock further upside.
880-900 may be the target.
Time Frame : - 1 Week or next couple of days.
Personally bought Lupin April Expiry 790 CE at 23.3.
Currently at 27.95.
#LupinWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
EXPECTING A BULLISH MOMENTUM IN LUPIN As per the 2H Chart of LUPIN, Expecting a Bullish Momentum in the Stock, where from its CMP of 891.65, the stock can initially face a resistance at the levels of 905.15, 913.90, and 924.80. In addition to this, the stock may face a support at the level of 883.
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