Lupin- Long Opportunity!
Lupin - Daily Time Frame Analysis 📈
1️⃣ Breakout Alert
Lupin broke out of resistance at ₹2322.5 with strong volume, forming a Three White Soldiers candlestick pattern.
The breakout is sustaining, trading above the breakout level for the past two days.
Trading Strategy 1:
📌 Entry: ₹2377
🎯 Medium-Term Target: ₹2677
🛑 Stop Loss (SL): ₹2114 (closing basis)
Trading Strategy 2:
-Add 30-50% position at ₹2377.
-Wait for a possible pullback to ₹2219. Upon reversal confirmation, add the remaining 50% position.
⚠️ Note: A pullback to ₹2219 is not guaranteed but reduces risk if it occurs.
💡 Ideal Positional Entry:
The optimal entry was at ₹2220, marking the breakout of a Double Bottom pattern.
Sectoral Outlook:
📊 Nifty Pharma is performing better than most sectors, showing relative strength.
Risk Management Matters
⚠️ Proper position sizing is critical. It can make or break your trade.
📉 Caution: The broader market trend remains bearish, and confirmation of a sustained trend is still pending.
#lupin #StockMarketIndia
1️⃣ Breakout Alert
Lupin broke out of resistance at ₹2322.5 with strong volume, forming a Three White Soldiers candlestick pattern.
The breakout is sustaining, trading above the breakout level for the past two days.
Trading Strategy 1:
📌 Entry: ₹2377
🎯 Medium-Term Target: ₹2677
🛑 Stop Loss (SL): ₹2114 (closing basis)
Trading Strategy 2:
-Add 30-50% position at ₹2377.
-Wait for a possible pullback to ₹2219. Upon reversal confirmation, add the remaining 50% position.
⚠️ Note: A pullback to ₹2219 is not guaranteed but reduces risk if it occurs.
💡 Ideal Positional Entry:
The optimal entry was at ₹2220, marking the breakout of a Double Bottom pattern.
Sectoral Outlook:
📊 Nifty Pharma is performing better than most sectors, showing relative strength.
Risk Management Matters
⚠️ Proper position sizing is critical. It can make or break your trade.
📉 Caution: The broader market trend remains bearish, and confirmation of a sustained trend is still pending.
#lupin #StockMarketIndia
עסקה פעילה
Entry triggered and closed above Entry Level. 
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.