Lupin Ltp technical Analysis with Indicators

Lupin Ltp technical Analysis with Indicators


Technical Indicators Overview

1. Moving Averages:

Trend: Medium- and long-term moving averages support a Buy signal, indicating that the stock is in a sustained bullish phase.

The price is likely trading above critical moving averages (e.g., 50-day and 200-day), adding further confirmation to the uptrend bias.

2. RSI (Relative Strength Index):

Current Status: RSI is in a neutral to slightly overbought zone.

Interpretation: This shows sustained bullish momentum without significant risk of immediate overbought conditions, aligning well with the potential for an upward breakout from the flag pattern.

3. MACD (Moving Average Convergence Divergence):

Current Status: The bullish crossover suggests positive momentum.

Interpretation: MACD supports the case for a continuation of the uptrend, complementing the flag pattern and moving averages.

Integrated Analysis

The flag pattern's breakout potential and indicators align well to suggest an upward continuation if key resistance levels are breached.

The moving averages and MACD provide medium- to long-term confirmation of bullish momentum.

The RSI ensures there's room for further upside without entering extreme overbought territory, reducing the risk of an immediate reversal.

Strategy Refinement

1. Bullish Trade Setup:

Entry: Above INR 2,150 (flag/channel breakout).

Indicators Confirmation:

Ensure the price holds above moving averages.

MACD should maintain a bullish crossover.

RSI stays below 70 after breakout.

Targets: INR 2,300 (short-term), INR 2,800–2,900 (flag breakout projection).

Stop Loss: Below INR 2,050.

2. Bearish Contingency Plan:

Entry: Below INR 2,000 if indicators turn bearish (e.g., RSI dips to 40–30 or MACD flips bearish).

Targets: INR 1,950, then INR 1,850 (channel breakdown targets).