Lupin Outlook for the Week (Sept 04,2020 – Sept 18,2020)

Technically on the everyday charts EquityPandits Analyst see: Minor support on the disadvantage lies at 925 levels, Minor resistance on the upside is topped around 1040 levels.

Lupin Share Price: 967.65 (NSE).

RESISTANCE 1.
1040.00.

SUPPORT 2.
879.00

For the Week: (Sept 04,2020– Sept 18,2020).

.

RESISTANCE 2.
1180.00.

Stock closed the Weekly on positive note getting +2.40%.

Weekly High: 973.00.

Stock is trading below 200 days rapid moving average, suggests long term pattern is bearish. EquityPandit anticipates variety for the Weekly as 1200 on upside and 800 on drawback.

Weekly Low: 911.80.

SECTOR: PHARMA.

If stock breaches small assistance on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 879 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1180.

ASSISTANCE 1.
925.00.

Weekly Support & & Resistance For Sun Pharma:.

SECTOR: PHARMA.

Stock forming falling channel pattern once breaks 990-1000 and closes above the levels will check perpetuity highs, Strategy to purchase when breach 1000 must hold excellent for the stock.

Weekly Range: 61.20 Points.