EquityPandit’s Outlook for Lupin for the week  (Feb 11, 2019 – Feb 15, 2019) :

LUPIN:

Lupin closed the week on negative note losing around 5.90%.

As we have mentioned last week, that 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 889 and close the week around the levels of 831.

Support for the stock lies in the zone of 820 to 830 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 850 to 860 where Fibonacci levels and short; medium and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 880 to 890 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 790 – 800 on lower side & 860 – 870 on upper side.