EquityPandit’s Outlook for Lupin for the week  (Feb 26, 2018 – Mar 02, 2018) : 

LUPIN:

Lupin closed the week on negative note losing around 2.20%.

As we have mentioned last week, that support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom. During the week the stock manages to hit a low of 796 and close the week around the levels of 808.

Support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom.

Minor resistance for the stock lies in the zone of 820 to 830. Resistance for the stock lies in the zone of 845 to 850 where break down 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.

Broad range for the stock in coming week can be seen from 770 – 780 on lower side & 840 – 850 on upper side.