BUY LUPIN ABOVE 1180 TGT
1200/1220 SL 1160
FOR
LIVE MARKET CALLS PING ME ON 09039542248
LUPIN is looking
weak on charts however it is accumulating above its major support level 1150 and
recently has given breakout of its previous major resistance level 1180 on
closing basis, now next resistance for LUPIN is of 1200; it is likely to
experience fresh buying with the crossing of mentioned level, where one may
keep the targets of 1200,1220 in the stock with the stop loss of 1160. Overall
trend of the stock is bullish and after experiencing correction from the higher
level. as it is managing to sustain ABOVE its 22 days moving averages
with the RSI of 42. Then one may keep the targets of 1270 in the stock with the stop loss of 1150.200
EMA seen as a strong resistance level at 1423.
DAILY CHART FOR LUPIN
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