Let’s discuss the technical outlook of a well known Pharmaceutical company, Lupin Ltd.
Enclosed is a Daily Chart of the company Lupin Ltd. We can clearly see a Bullish FLAG PATTERN is formed and as you all are aware that this is a continuation pattern. After some period of time we may witness a Pole like candle (Very Big Upside Movement in short span of time). And the same thing has happened and we are expecting a positive upside rally in very short period. Target could be around 1450 – 1550.
We simultaneously have a look at the charts of the Nifty 50 Index also. After the recent rally it’s showing some weakness so we can expect money shifting towards Pharma Sector which is considered as conservative or safe sector.
So in upcoming days we can expect that Lupin Limited stock prices may hit 1450 – 1550. One can utilise this potential rally in Futures & Options also as per their own risk appetite.
Team Arthvidya Wealth Mantra
8484036329 / 79 / 87
www.arthvidya.in / email@example.com
Please like our FaceBook Page: https://www.facebook.com/Arthvidya.WealthMantra
Subscribe to our YouTube Channel at :https://studio.youtube.com/channel/UCU4CTekZ6ZAO_y7HNQ9XiYA
Subscribe to our Telegram Channel at:http://t.me/arthvidya"
Disclaimer: This article is intended to be used for information and education
purposes only. It is very important to do your own analysis/study before making any investment decision based on your own personal circumstances. We are in no way related to the companies mentioned and discussed in any of our articles and we are not paid by any of these companies in any way.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, Commodity and Currency can be substantial.