EquityPandit’s Outlook for Lupin for the week (June 17, 2019 – June 21, 2019)
BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA
Stock closed the week on negative note losing –1.03%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 705 levels, Minor resistance on the upside is capped around 754 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 670 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 786
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 786 on upside and 670 on downside.