Lupin 5 years breakout

14 Des 2023

Lupin pharmaceuticals has formed classical double bottom W pattern in 15mnt, weekly & monthly timeframe. Just to illustrate easily i have posted weekly timeframe screenshot. It should sustain above 1200 levels. Nice 3 weeks consolidation seen on that levels. Looks like it’s ready to move mies away. Because this technical pattern targets are normally upside equals to bottom cup formation. There is on big news flow also there on these levels so best occation to get good volume support too. News is as follow "Lupin Diagnostics eyes 100 labs in five years”. So looking better long term choice.

DISCALIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR profit or loss.

19 Des 2023

Catatan

sustaining above 1250-70 level. It has lot of strength seen.

21 Des 2023

Trade aktif

Still in the buying zone.

26 Des 2023

Catatan

Still hovering above the breakout levels.

21 Feb

Catatan

Target 3 is not far.......

6 Mar

Catatan

Target 3 done. 1614 and sustaining above it means more upside.

30 Mar

Catatan

Target4 also done.

10 Apr

Catatan

again target4-5 coming

28 Mei

Catatan

1870 is not far away.

25 Jun

Catatan

hovering around 1600. will jump soon.