Lupin Outlook for the Week (Nov 09,2020 – Nov 13,2020)

For the Week: (Nov 09,2020– Nov 13,2020).

ISIN: INE326A01037

ASSISTANCE 2.
815.00

.

If stock breaches small assistance on the downside and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 815 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 @ 1090.

SECTOR: PHARMA.

RESISTANCE 1.
1047.00.

Weekly Low: 900.05.

Stock closed the Weekly on favorable note getting +0.84%.

Weekly Range: 62.65 Points.

Lupin Share Price: 916.90 (NSE).

Weekly Support & & Resistance:.

On the everyday chart we can see that, stock is break really crucial support pattern line here and Stochastic RSI reveals some weakness in stock.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit anticipates range for the Weekly as 1100 on benefit and 800 on disadvantage.

Technically on the everyday charts EquityPandits Analyst see: Minor support on the downside lies at 856 levels, Minor resistance on the upside is topped around 1047 levels.

Weekly High: 962.70.

RESISTANCE 2.
1090.00.

ASSISTANCE 1.
856.00.