LUPIN trade ideas
Lupin - Clearly Bullish bias to Wave 5Lupin seems to have finished Wave 4 in 1 hour time frame. Bullish movement seems very much likely.
LupinPharma segment is changing the track. Lupin above 200 DMA and consolidating in 4th wave. 50 and 100 DMA have given the cross on the upside. Resistance and 5th wave lies at 943-4.
Lupin, 200 DMAYesterday I covered this stock. Price rushing up from 200 DMA. This indicates that there is something cooking behind the curtain. However, it is possible that price can pull back towards 200 DMA to confirm the change in trend.
Lupin, 200 DMAOnce upon a time (3-4 yrs ago) it was a great stock. Now beaten down just like many other pharma stocks. However of late there is some perceptible recovery in select pharma stocks. Lupin created a small base and trying to limp up. After more than one year price today has reached 200 DMA and this is worth noting since it changes the trend.
Lupin: Bottom formation.Lupin has formed a nice ending pattern on daily charts. It can bought now as the sloping trendline has broken.
Lupin - Long Term View - 5/10/2018Lupin LTD is still stuck in well entrenched downtrend. The moment it tries to gather itself up, some bad news hits the stock. Latest development is that USA is moving towards some kind of price manipulation of drugs. This news has hit majority of Indian pharmaceutical company stocks and they all are moving in the same downward direction.
But well, we all know how the collusion between politics and industry works. Especially pharma industry is difficult to take on. Eventually there will be some ways to boost the profitability again. My view is to take advantage of any such development and buy pharma stocks. Next interesting range to trade Lupin will be around 600.
Inverted Head and Shoulders bottom on Daily Charts#LUPIN CMP 801.45 Possible short term bottom formation. Showing Inverted H&S formation on Daily charts. Upside break above 826 will quickly lead towards 926, which is also the 200 DEMA, and is likely to be a strong resistance
Lupin Buyone can buy lupin above 755 keeping stop loss of 737 , target can be787... just my view , do it on your own risk.....
lupin shortshort has been generated on lupin, one can short below 752 keep stoploss of 763, 1st target is 749,2nd targ is 421..... do it on your own risk
Lupin, 200 DMAHow 200 DMA decides fate of a stock. Lupin is a good example. Have a look at this long-term chart. Several time price reached 200 DMA during uptrend. When price was in down-trend, price tried to reach again to cross this significant MA but failed. Even it could not surpass 100 DMA. Now we can watch price to come close to 100 DMA for trading on the short side. Smart money chases 200 DMA to track the trend.
LUPIN - Monthly Candle Chart- Double Top as per monthly candle.
- Stoch RSI started +ve divergence but as of daily, we can see more fall till the parallel bottom is reached.
- As per nifty trend, expecting this bottom to be made this month.
- 2.618 reaches till 530.
- only for study purpose
LUPIN at demand zone as well as SUPPORT LEVELLUPIN at demand zone as well as SUPPORT LEVEL, one can wait for entry above 900
Lupin - Long Trade - Investment - Price ActionPrevious Lupin short term trade stop los hit.
However this chart is for Medium to Long Term perspective.
Good buy zone 973-993
De-risk the trade at 1050 and continue to hold for bigger targets of 1160, 1309 and 1400+
Price is now at second/strong support of 973-993 after breaking previous support of 1010-1020.
Pharma sector had its bad days since last 2years, but now they have cope up the situation and we are seeing a good hold back in prices, making it the best bet again for coming months/years.
Lupin Ltd - Long trade - Price ActionPrice retrieving back to immediate support, with small correction.
Overall this stock is very bullish.
Buying zone - 1014 - 1021, SL 1010
Targets - 1066, 1157, 1310, 1480
For long term investors, SL can be placed at 965 and targets of 1450 and beyond.
LUPIN long idea based on support with the bullishness in pharma industry due to fda approvals(40% of us market) and lupin has bottomed out with a trend reversal,which is visible in our charts.
a conversative setup for a short term
enter at around 990 with CBSL of 920 and target of 1045
newslink given below
www.financialexpress.com
Lupin Buy set upAfter a massive five wave upmove. A 3 wave ABC correction is noted. A wave is an impulse, B as a running traingle and C as a impulse. the correction seems to be near completion or complete. Buy on signs of reversal for longer term. Rewards could be astonishing in times to come.
SELL -Strategy generated a sell signal inDAILY FINANCIAL WISDOM: The Trend will give you direction on your path.. (All signals educational purposes only).
