| CP# | 786.05 |
| Idea | SELL |
| Sell Range | 796 – 786 |
| Target | 755 – 740 |
| StopLoss* | 812 |
| Duration | 12 – 15 Trading Sessions |
| Potential Return^ | 4 – 6% |
| CP# | Idea | Sell Range | Target | StopLoss* | Duration | Potential Return^ |
| 786.05 | SELL | 796 – 786 | 755 – 740 | 812 | 12 – 15 Trading Sessions | 4 – 6% |
# CP – closing price on Dec 03, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 771.
^ The returns are calculated based on CP#
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COMPANY OVERVIEW
Lupin Limited, a pharmaceutical company develops, produces and sells a range of generic formulations, biotechnology products and active pharma ingredients worldwide. The company offers formulations for diabetology, paediatrics, anti-infectives, cardiovascular, asthma and anti-tuberculosis. It also develops various therapies for rheumatoid arthritis, oncology, ophthalmology and osteoporosis. Lupin limited reported a massive loss of 124.40 crores for the September 2019 quarter, against a profit of Rs 268.10 crore in the year-ago period.
| Stock Data | |
| NSE Code | LUPIN |
| Sectoral Index | Nifty Pharma |
| 52W High | 906 |
| 52W Low | 646.3 |
| Face Value | 2 |
TECHNICAL OBSERVATIONS (WEEKLY)
- Attached weekly timeframe chart of Lupin Limited is signalling that the stock price was moving in a downward slopping consolidation pattern which was bounded by strong support and resistance line in the last 15 months.
- The stock price has placed near the Upper bound of a sideways range and based on historical price pattern we are expecting price to fall off from here.
TECHNICAL OBSERVATIONS (DAILY)
- The daily chart of Lupin limited indicates that after a 16 days price rally, the stock has given a downside breakout of the trend line indicates negative sign.
- The breakout of an RSI(14) trendline might indicate a potential price reversal. Bear in mind that the break of an RSI trendline usually providing an advance warning, as well as a very early opportunity to go short.
CONCLUSION - LUPIN SHARE PRICE FORECAST
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Lupin, the pharmaceutical company's stock price has placed near the Upper bound of a falling channel. Do you think this is the perfect scenario to go short?#lupin #technicalanalysis #investments #tradingtips https://t.co/qXkhbdspdN
— Goodluck Capital (@CapitalGoodluck) December 4, 2019