Lupin Outlook for the Week (Aug 03,2020 – Aug 07,2020)

For the Week: (Aug 03,2020– Aug 07,2020).

ISIN: INE326A01037

Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit anticipates range for the week as 1000 on advantage and 800 on disadvantage.

RESISTANCE 1.
945.00.

Stock closed the week on positive note acquiring +8.52%.

Week Range: 102.60 Points.

SECTOR: PHARMA.

On the day-to-day chart we can see that stock is revolving between in range till now, however resistance can stop its run. Once the stock cross above 950 we can see the level of 1000.

Week Low: 828.40.

RESISTANCE 2.
988.00.

LUPIN Weekly Support & & Resistance Levels:.

SUPPORT 1.
839.00.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 839 levels, Minor resistance on the upside is capped around 945 levels.

If stock breaches minor support on the disadvantage and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 808 and If stock breaches minor resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 988.

SUPPORT 2.
808.00.

Lupin Share Price: 926.55 (NSE).

Week High: 931.00.