EquityPandit’s Outlook for Lupin for the week  (Dec 18, 2017 – Dec 22, 2017) :

LUPIN:

Lupin closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 835 to 840. Resistance for the stock lies in the zone of 855 to 860 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 875 to 880 where Fibonacci levels are lying. During the week the stock manages to hit a high of 869 and close the week around the levels of 860.

Minor support for the stock lies in the zone of 845 to 850. Support for the stock lies in the zone of 810 to 820 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 700 to 750.

Resistance for the stock lies in the zone of 875 to 880 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 910 to 920 where short term moving averages are lying.

Broad range for the stock in coming week can be seen from 820 – 830 on lower side & 900 – 910 on upper side.