1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Buy

Discussion in 'Technical Analysis' started by siva934127, Nov 2, 2013.

  1. siva934127

    siva934127 Member

    Joined:
    Nov 7, 2012
    Messages:
    195
    Likes Received:
    10
    Please let me know your views about Lupin (Target and Stop Loss).

    Thanks,
    Siva.
     
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Avoid as of now and let 840 be held in this stock and then buy in the leg up
     
  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Short term is looking weak, just Form M and breakdown but completed down rally of M breakdown almost, target for that break down will be around 845-840 max.

    For short term avoid, Long term must buy with stop of 820-825.
     
  4. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    Dear Forum Members,

    Your comments on Lupin.
    Daily and Weekly chart looks good.

    [​IMG]
     
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes it looks awesome and there is a pin bar from the point where you have drawn the trend line.
     
  6. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    Surely we can go long in this after today's close at around 920.. But keep in mind that 940 is the all time high for this stock.. So, it may face some resistance around 940... If the stock manages to break above that, then sky is the limit.. :)..
     
    jinesha and shabbir like this.
  7. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    Thanks for your comments.