Lupin - Short covering candidate

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Lupin after opening gap down on 13th Feb has done some base formation on hourly time frame, above the marked resistance level it has a potential to trigger some short covering and hit around 50% pullback zone.
There is a hint of short covering visible in option chain as well and below the 680CE chart for reference.
Keep this setup in radar

This isn't a trade recommendation but just an education post for learning purpose

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تم حذف الأمر

Price didn't moved above the resistance zone .

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ملاحظة

Albeit a month late, the move did came