LUPIN TURNS FROM BEARISH TO BULLISH

BUY LUPIN ABOVE 1035 TGT 1055/1070 SL 1020

Primary trend of the LUPIN is showing consolidation since past few sessions and also sustaining above lower trend line support level. Currently, it has formed reversal pattern on the short-term charts and trading below the resistance level of 1046.Breakout of its resistance level may show recovery in it where traders can expect targets of 1055 and 1070 while major support of 1020 can be placed as technical stop loss; as the stock is managing to trade above its 22&55 days moving averages with the RSI of 60 and 200 EMA seen as a strong resistance at 1200.

DAILY CHART FOR LUPIN