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Lupin

Discussion in 'Technical Analysis' started by sainath85, Jul 6, 2017.

  1. sainath85

    sainath85 Member

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    Hello all,

    I think Lupin looks interesting now. It hit 52 week low few days back and bounced recently. I think we need to keep a close watch on this stock.

    Does anyone cover this stock and provide some color?

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    sainath85, Jul 6, 2017
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  2. rbathri

    rbathri Member

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    I entered at 1200 before couple of months. However it went down by 10%+. Waiting to buy more if it hits to 1000.
     
    rbathri, Jul 6, 2017
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  3. shabbir

    shabbir Administrator Staff Member

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    No not yet because it looks like more of a trading bounce and I would like to see a consolidation and bottom formation phase before investment. Trading there isn't any pattern as yet.
     
    shabbir, Jul 6, 2017
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  4. sainath85

    sainath85 Member

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    Thanks Shabbir. What is your view on investing in pharma sector for a long term? I was planning to do a sip on few good names for next two years and believe when the sector rebounds there could be significant upside.

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    sainath85, Jul 6, 2017
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  5. shabbir

    shabbir Administrator Staff Member

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    Yes it is true but you have to select the stocks with research on what kind of impact USFDA may have on them.
     
    shabbir, Jul 6, 2017
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  6. jazeelfarooq

    jazeelfarooq Active Member

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    Consolidation and bottom formation ... how to know that from chart?


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    jazeelfarooq, Jul 8, 2017
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  7. nirajshah

    nirajshah Champion

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    nirajshah, Jul 8, 2017
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  8. jazeelfarooq

    jazeelfarooq Active Member

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    Ok. I red that book. But which pattern I should look for bottom formation? W pattern and double bottom pattern ? Confused


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    jazeelfarooq, Jul 8, 2017
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  9. shabbir

    shabbir Administrator Staff Member

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    W or double bottom and tripple bottom.
     
    shabbir, Jul 9, 2017
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  10. jazeelfarooq

    jazeelfarooq Active Member

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    jazeelfarooq, Jul 9, 2017
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  11. jazeelfarooq

    jazeelfarooq Active Member

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    Learning is the only way to improve the things..and like this group very helping...happy to be part of it...


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    jazeelfarooq, Jul 9, 2017
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  12. shabbir

    shabbir Administrator Staff Member

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    That's the whole point. I have been learning a lot as well.
     
    shabbir, Jul 9, 2017
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