LUPIN Weekly Outlook and Analysis:
For the Week: (Sept 21,2020 – Sept 25,2020)
BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA
Stock closed the Weekly on positive note gaining +12.22%
Lupin Share Price: 1085.90 (NSE)
Weekly High: 1122.30
Weekly Low: 958.00
Weekly Range: 164.30 Points
Weekly Support & Resistance For Lupin:
| RESISTANCE 2 | 1163.00 |
| RESISTANCE 1 | 1127.00 |
| SUPPORT 1 | 1139.00 |
| SUPPORT 2 | 1007.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 925 levels, Minor resistance on the upside is capped around 1040 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 @ 879 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 @ 1180.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 1200 on upside and 770 on downside.
LUPIN crossed the stiff resistance levels of 1000 and hits 52 week high levels, Still stock is trading way below its all time highs, can hold the strength till trades above 990 Levels
