EquityPandit’s Outlook for Lupin for the week  (Apr 02, 2018 – Apr 06, 2018) : 

LUPIN:

Lupin closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 750 to 760. Resistance for the stock lies in the zone of 780 to 790 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 820 to 830 where break down levels and short term moving averages are lying. During the week the stock manages to hit a high of 753 and close the week around the levels of 736.

The stock is in strong downtrend and support levels are not holding. Support for the stock lies in the zone of 715 to 725. If the stock manages to close below these levels then the stock can drift to the levels of 680 to 690.

Minor resistance for the stock lies in the zone of 750 to 760. Resistance for the stock lies in the zone of 780 to 790 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 820 to 830 where break down levels and short term moving averages are lying.

Broad range for the stock in coming week can be seen from 700 – 710 on lower side & 760 – 770 on upper side.