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


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

7 LUPIN

BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA

Stock closed the Weekly on positive note gaining +0.84%

Lupin Share Price: 916.90 (NSE)

Weekly High: 962.70

Weekly Low: 900.05

Weekly Range: 62.65 Points

Weekly Support & Resistance:

RESISTANCE 2 1090.00
RESISTANCE 1 1047.00
SUPPORT 1 856.00
SUPPORT 2 815.00

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 856 levels, Minor resistance on the upside is capped around 1047 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 @ 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.

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

On the daily chart we can see that, stock is break very important support trend line here and Stochastic RSI shows some weakness in stock.