LUPIN - Bullish Flag Breakout

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Bullish Flag - Continuation Chart Pattern.

Do your own due diligence before entering any trade.
Set Stop-loss as per your trade and money management.

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تم فتح الصفقة

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ملاحظة

Technical Update - April 29, 2020. 13:10
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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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ملاحظة

Lupin stop-loss is at 785.

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ملاحظة

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ملاحظة

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.