EquityPandit’s Outlook for Lupin for the week  (Dec 26, 2017 – Dec 29, 2017) :

LUPIN:

Lupin closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 889 and close the week around the levels of 872.

Minor support for the stock lies in the zone of 850 to 855. 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 900 to 910 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.