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Lupinlong

Lupin At Best Support !! This is the 4 hour chart of Lupin . Lupin appears to be forming a potential Three Drives bullish reversal pattern, with both drives terminating at the 1.27 Fibonacci extension level, indicating a possible exhaustion of the downtrend. Lupin is trading within a well-defined descending channel. It has once again approached the lower boundary of the channel, which lies around the 1865–1880 zone, and is showing signs of a bounce. If this level is sustain , then we may see higher prices in Lupin. Thank You !!
NSE:LUPINLong
by FiveCircles
LUPIN : Making or Breaking?1. Key Analysis and Levels Wave C Completion Zone (₹1946-1982): The price has reached a potential corrective Wave C termination area, which often acts as a demand zone where buyers re-enter. This zone is a high-probability reversal region based on Elliott Wave principles. Stop Loss Level (₹1924): Positioned below the Wave C correction zone to manage risk in case of further downside. Protects against potential failure of the demand zone. First Target Zone (₹2245-2277): Represents the extended retracement of Wave B and serves as a logical resistance zone for profit booking. Change of Character (CHoCH): A CHoCH signal (change from lower lows to higher highs) could confirm the start of a new bullish wave. 2. Trade Setup A. Long Trade Setup: Why Long? The price has reached a critical demand zone (₹1946-1982) with potential for reversal. The CHoCH zone suggests a possible trend change to bullish. Entry: Around ₹1980-2000, upon observing bullish price action (e.g., hammer candlestick, engulfing patterns). Stop Loss: ₹1924, ensuring minimal risk if the correction extends. Targets: ₹2245-2277: Key resistance zone at the extended retracement of Wave B. Trailing stops can be used for further upside beyond ₹2277. B. Short Trade Setup (If Demand Zone Fails): Why Short? A strong breakdown below ₹1924 could indicate the demand zone has failed, leading to continuation of the downtrend. Entry: Below ₹1924 after confirmation of breakdown with volume. Targets: ₹1850: Immediate support from prior structure. ₹1720-1750: Deeper demand zone. Stop Loss: ₹1970 to avoid being caught in a false breakdown. 3. Explanation of Analysis Wave C Completion: The corrective Wave C often concludes near key Fibonacci retracement levels, aligning with ₹1946-1982 here. This zone has historical relevance as a demand area. CHoCH Confirmation: A breakout and higher high beyond the consolidation range would validate bullish sentiment. Risk-Reward Dynamics: Well-defined stop loss and target zones ensure favorable risk-to-reward setups for both long and short trades. 4. Confirmation Signals For Long Entry: Price stability and bullish reversal signals (e.g., RSI divergence, bullish engulfing candles) in the ₹1946-1982 zone. A confirmed breakout above ₹2020 would further validate the trend reversal. For Short Entry: A decisive close below ₹1924 with high volume and bearish momentum. 5. Risk Management Limit risk to 1-2% of your trading capital per trade. Use scaling techniques to lock partial profits at the first target zone, trailing stop losses for additional gains. Why This Plan Works This trading strategy combines Elliott Wave analysis, demand-supply dynamics, and structured price levels to anticipate a potential bullish reversal. It also incorporates a contingency plan for a bearish breakdown, ensuring preparedness for all market scenarios.
NSE:LUPINLong
by LiveTradingBox
LUPINSymmetrical triangle pattern has given a very good breakout. Now an uptrend can be expected. If it comes back below the resistance level the selling is expected to continue If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:LUPINLong
by milanpatel007
LUPIN - Stock AnalysisLupin Ltd. is showing a strong technical and fundamental profile, making it an interesting prospect for investors. From a technical perspective, the stock exhibits several "Strong Bullish" signals. The HighLow indicator suggests "Strong Bullish" sentiment, with the stock near a one-year high and likely to make a new high. The daily candlestick pattern reflects "Strong Bullish" sentiment, and the monthly candlestick pattern also displays "Strong Bullish" signals. In terms of resistance, the stock has encountered medium-term resistance levels, with top points at 1200.0 on October 19, 2023, 1174.2 on October 3, 2023, and 1155.65 on September 14, 2023. From a fundamental perspective, Lupin Ltd. has several positive attributes. The company's net profit has seen a significant turnaround, shifting from negative to positive, indicating an improved financial performance. The Piotroski F Score is at a stable value of 5.0, which suggests sound financial health. Furthermore, the company's net profit has been consistently increasing for the last five quarters, and the same holds for Profit Before Tax, demonstrating strong operational performance. There has been steady growth in earnings per share (EPS) over the last four quarters. Lupin Ltd. offers a very low dividend yield of 0.350%, indicating a preference for reinvesting profits for growth. Additionally, there is a short-term positive trend in total sales and net profit. The company has achieved annual sales growth for three consecutive years, and quarterly sales over the last five years are trending upward. In summary, Lupin Ltd. presents a promising investment opportunity with strong technical and fundamental indicators. The stock's bullish technical signals, coupled with its improving financial performance and consistent growth, make it an attractive choice for investors seeking potential growth and value in the market. Nevertheless, investors should stay vigilant and monitor developments in both technical and fundamental aspects for a comprehensive understanding of the stock's potential. Go Long above 1184.10 Stop Loss 1095
NSE:LUPINLong
by ruelfernandes
LUPIN--Bearish from 810 range??Observations:: the stock is trending upwards in daily time frame. now the price is facing resistance @800 range. If price breaks this resistance we have an immediate resistance @810 range. now the stock is looking weak in buyside, if it will sustain above 800-810 range we will observe some bullish momentum again. if price breaks 770 range we will observe fall till 740 range, keep track this instrument. we have demand zone @700 range, will acts as support. keep use alerts in this stock at respected levels.
NSE:LUPINLong
by IIT-Trader
LUPIN - Long viewWith prices closing above all the important EMA the stock is looking technically strong. One can look to enter the trade above 771 with a target of 848 keeping a stop loss of below 732. RSI is reaching almost at the 60 level mark. Once sustains above the mark the stock should give some momentum. Wait for RSI to move above 60 on the DTF. The views presented are of the author and are for educational purpose only . Kindly consult your financial advisor before investing.
NSE:LUPINLong
by ruelfernandes
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