L U P I NLUPIN FUT broke above descending channel with decrease in OI suggesting short covering, made DOJI candle on friday on daily charts which suggests reversal.
Could b bought with mentioned stoploss & targets.
LUPIN READY FOR A DECISION MOVE.we will be waiting for moves in lupin most probably down wards but still to monitor on 18 oct 21 for first hour. very impressive down side seen however a little side ways for the rsi to go up a little bit then downward rally continues. Approx 2 lakh shorts in future on 14 of oct confirms more downsi
Buy call for Lupin pattern under formationthis is a pure large cap company it has already been shaken off from 1274 levels to 912 levels made sort of W pattern formation under process i strongly suggest to make buy positions in this share and can keep adding till 860 levels for LT target of 1325
Inverted H&S On LupinLupin is about to give breakout of inverted H&S at 1080 neck line...Target is 130 points from breakout at 1210 and sl is at 1040
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