EquityPandit’s Outlook for Lupin for the week (June 8, 2020 – June 12, 2020)

LUPIN:

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

Stock closed the week on positive note gaining +3.78%

Week High: 923.90

Week Low: 846.10

Week Range: 77.80 Points

Lupin Ltd

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 797 levels, Minor resistance on the upside is capped around 905 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 @ 785 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 @ 920.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 925 on upside and 780 on downside.

WEEKLY PIVOT LEVELS: