Do your own due diligence before entering any trade. Set Stop-loss as per your trade and money management.
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Technical Update - April 29, 2020. 13:10 -------------------------------------------------------------------------------------------------- Lupin after a bullish Flag Breakout it went to 906 from 855 and made a swing high. It falls back from 906 and currently trading at the previous top or previous swing high level. A classic example of Resistance becomes Support. Expecting Lupin to reach 950+ in May series. Cmp 863
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Lupin stop-loss is at 785.
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After a Bullish Flag Breakout at 855, it went to 905 and fell back to the consolidation zone. It's still consolidating with an upward bias. Lupin formed a falling wedge pattern and now trading at supply or resistance zone. Revising Stop-loss from 785 to most recent pivot at 805.
Upside target is 950.
Lupin forming a Head & Shoulder pattern as well, a fall below 800 will confirm the Head & Shoulder reversal.