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LUPIN

Lupin Outlook for the Week (July 22, 2019 – July 26, 2019)

EquityPandit’s Outlook for Lupin for the week (July 22, 2019 – July 26, 2019)

LUPIN:

 

Lupin

 

Lupin Ltd.

BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA

Stock closed the week on negative note losing –1.89%

Week High: 782.65

Week Low: 742.15

Week Range: 40.50 Points

RESISTANCE 2 797.90
RESISTANCE 1 772.65
SUPPORT 1 732.15
SUPPORT 2 716.90

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 745 levels, Minor resistance on the upside is capped around 775 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 @ 725 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 @ 790.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 792.50 on upside and 722 on downside.

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