LUPIN : CUP AND HANDLE pattern Breakout

١٤ مايو ٢٠٢١

After a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets.

Investment strategy:

Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) and 1470 (equality ratio for wave (i) & wave (iii).