LUPIN Weekly Outlook and Analysis:
For the Week: (Nov 07, 2022 – Nov 11, 2022)
BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA
Stock closed the Weekly on positive note gaining 2.05%
Lupin Share Price: 710.65
Weekly High: 716.70
Weekly Low: 688.30
Weekly Range: 14.25 Points
Weekly Support & Resistance For Lupin:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 693 levels, Minor resistance on the upside is capped around 721 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 @ 676 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 @ 732
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 732 on upside and 676 on downside.