Lupin Outlook for the Week (Aug 17,2020 – Aug 21,2020)

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 925 levels, Minor resistance on the upside is capped around 1090 levels.

RESISTANCE 1.
1090.00.

For the Week: (Aug 17,2020– Aug 21,2020).

Weekly Support & & Resistance For Sun Pharma:.

If stock breaches small assistance on the disadvantage and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 879 and If stock breaches small resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1148.

Weekly Range: 137.50 Points.

SECTOR: PHARMA.

SUPPORT 2.
879.00

SUPPORT 1.
925.00.

RESISTANCE 2.
1148.00.

Stock is trading below 200 days rapid moving average, suggests long term trend is bearish. EquityPandit forecasts variety for the Weekly as 1200 on advantage and 800 on disadvantage.

Lupin witnessed huge buying tourist attraction after quarterly results announce and Smart money circulation has actually been seen after the corrective relocation in the previous week. Stock is likely to out perform all the big pharma stock for the next week. Stock ought to be in the radar for the Intraday and Swing traders.

Lupin saw big buying destination after quarterly outcomes announce and Smart cash circulation has been seen after the corrective move in the previous week. Stock is most likely to out perform all the large pharma stock for the next week. Stock ought to remain in the radar for the Intraday and Swing traders.

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Lupin Share Price: 1018.20 (NSE).

Weekly Low: 886.05.

Weekly High: 1023.55.

SECTOR: PHARMA.

Stock closed the Weekly on positive note gaining +15.75%.