Thursday, August 24, 2017

KEEP AN EYE ON LUPIN(PHARMA STOCKS) COMING WEEK


BUY LUPIN ABOVE 1009 TGT 1060/1090 SL 955

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

Primary trend of the SUNTV is bearish and now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1009 above 22EMA. Then it will forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1009 ; Then Overall trend of the stock is bullish. If the stock is managing to trade above its 22 days moving averages with the RSI of 48, one may expect the targets of 1060/1090 in the stock if it manages to sustain above the immediate support level of 955. 55 EMA can see as a strong resistance at 770. it is likely to experience fresh buying with the crossing of 55 EMA , where one may keep the targets of 1100,1200 in the stock with the stop loss of 955.
DAILY CHART FOR LUPIN:

4 comments:

  1. I have 1 lot of RELIENCE 1560 PUT @ 10.2 , can I hold it.

    ReplyDelete
    Replies
    1. Reliance 1560 PUT is running near 13-14 you can book partial profit.

      Delete
  2. Here, good to see your post for share market and you have mention valuable information which is very useful , thank you.....

    ReplyDelete