EquityPandit’s Outlook for Lupin for the week  (Jan 28, 2019 – Feb 1, 2019) : 

LUPIN:

Lupin closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that minor resistance for the stock lies around 855 to 865. Resistance for the stock lies in the zone of 880 to 890 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 920 to 930 where Fibonacci levels are lying. During the week the stock manages to hit a high of 880 and close the week around the levels of 865.

Minor support for the stock lies around 840 to 850. Support for the stock lies in the zone of 810 to 820 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where low for the month of July-2018 and August-2018 is lying.

Minor resistance for the stock lies around 860 to 870. Resistance for the stock lies in the zone of 880 to 890 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 920 to 930 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 820 – 830 on lower side & 880 – 890 on upper side.