LUPIN ROCKS...!!!

WE POST DAILY ONE CHART ON OUR FACEBOOK PAGE AND TRY TO GIVE SOME TECHNICAL STUDY LOGIC BEHIND.

NOW WE ARE TRYING TO DO IT VIA THIS BLOG POST.

FEW DAYS BACK WE HAD POSTED CEAT LIMITED CHART ON OUR FACEBOOK PAGE. QUICK LINK TO THAT CHART IS AS UNDER:-

https://goo.gl/pF2ar8

IN THAT POST WE TRIED TO EXPLAIN IMPORTANCE OF BOLLINGER BAND AND CLOSE OF CANDLE OUTSIDE IT. NOW LET TRY TO RESTUDY SAME CHART WITH UPDATE MOVES TILL DATE. 

NOW WE CAN SEE THAT AFTER CANDLE CLOSED OUTSIDE BOLLINGER BAND ON DAILY TIMEFRAME THEN EITHER SOME MINOR DOWNSIDE MOVE CAME OR SOME CONSOLIDATION CAME IN THAT PRICE ZONE SO THAT TO MAKE BOLLINGER BAND EXPAND. 

NOW LETS TRY TO STUDY SAME THING WITH MORE TECHNICAL TOOLS FOR LUPIN. FOR THAT WE WOULD LIKE TO REQUEST YOU TO READ OUR LAST POST ON LUPIN. QUICK LINK TO THAT POST IS AS UNDER:-

https://goo.gl/dRDsJf

NOW IF YOU HAVE READ THAT POST THEN IN THAT POST WE HAD CLEARLY SAID THAT WE DO NOT SEE BREAKOUT ON UPSIDE FOR THE STOCK BUT IF STOCK CLOSES ABOVE 1925 THEN IT MAY GIVE GOOD UPSIDE MOVE AND THAT WAS DONE IN SINGLE SESSION. ..!!! WHOOPING 78 Rs MOVE IN SINGLE SESSION....!!! (CLOSE WAS 1922 WE FEEL FOR 4 DIGIT STOCK PRICE DIFFERENCE OF 3 Rs DOES NOT MAKE BIG DIFFERENCE)

BUT AFTER LAST CLOSE IN LUPIN (SURGE OVER 3.50% IN SINGLE SESSION) AGAIN CANDLE HAS CLOSED OUTSIDE BOLLINGER BAND. LETS TRY TO SEE VIA SIMPLE CHART.

AGAIN STOCK AS GIVEN WEDGE BREAKOUT ON UPSIDE. BUT AT PRESENT STAGE WE DO NOT PREFER INVESTMENT BASED TRADE IN THIS STOCK. 

FINAL CONCLUSION

NOW LOOKING AT LAST CLOSE IN THIS STOCK WE FEEL SOME CONSOLIDATION OR DOWNSIDE TILL 1900 MAY COME IN THIS STOCK. THIS IS DUE TO CLOSE OUTSIDE BOLLINGER BAND.

STANDARD DISLCOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.