LUPIN Weekly Outlook and Analysis:
For the Week: (Jan 24,2022 – Jan 28,2022)
BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA
Stock closed the Weekly on negative note losing -5.09%
Lupin Share Price: 903.40 (NSE)
Weekly High: 969.35
Weekly Low: 897.60
Weekly Range: 71.75 Points
Weekly Support & Resistance For Lupin:
| RESISTANCE 2 | 995 |
| RESISTANCE 1 | 949 |
| SUPPORT 1 | 877 |
| SUPPORT 2 | 851 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 877 levels, Minor resistance on the upside is capped around 949 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 @ 851 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 @ 995.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 995 on upside and 851 on downside.
