LUPIN Weekly Outlook and Analysis:
For the Week: (Dec 05, 2022 – Dec 09, 2022)
BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA
Stock closed the Weekly on Positive note gaining 7.82%
Lupin Share Price: 776.00
Weekly High: 773.00
Weekly Low: 715.15
Weekly Range: 56.25 Points
Weekly Support & Resistance For Lupin:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 734 levels, Minor resistance on the upside is capped around 798 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 @ 692 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 @ 820
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 820 on upside and 692 on downside.