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Tuesday 10 November 2015

LUPIN STARTING OF END OR END OF START?

AFTER DR REDDY & SUN PHARMA IS IT TIME FOR LUPIN TO BE NEXT...???

ATLEAST ON CHART IT SEEMS THAT IMMEDIATE DOWNSIDE COMES AT TILL 1720-1735 ZONE. 

LUPIN DAILY CHART  IS CLASSIC EXAMPLE OF INVERTED FLAG AND PENNANT DISTRIBUTION PATTERN. 

BELOW CHART SHALL MAKE OUR VIEW MORE CLEAR ON THIS. 



NOW IF CONSIDER POLE (FROM 1st HORIZONTAL TO 3rd HORIZONTAL) THEN HEIGHT OF POLE COMES TO 212 POINTS (FROM 2097 TO 1885) AND PENNANT AS 2 SMALL TRENDLINES AS PENNANT KIND OF FORMATION. 

SO AT 4th CANDLE IN PENNANT DOWNSIDE BREAKOUT TOOK PLACE. SO IF WE CONSIDER FROM TOP OF PENNANT THEN AGAIN DOWNSIDE TARGET COMES TO 1732 (1944-212)

PLEASE NOTE THIS POST IS FOR EDUCATIONAL/LEARNING PURPOSE ONLY AND UNDER ANY CIRCUMSTANCE SHOULD BE CONSIDERED AS TRADING CALL/VIEW. 

FOR QUERY/SUGGESTION PLEASE CALL 08866145155 OR DROP MAIL TO NIFTY50STRIKER@GMAIL.COM


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