EquityPandit’s Outlook for Lupin for the week (June 01, 2019 – June 07, 2019)

LUPIN:

Lupin Ltd.

BSE: 500257| NSE: LUPIN| ISIN: INE326A01037| SECTOR: PHARMA

Stock closed the week on negative note losing -2.31%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 722 levels, Minor resistance on the upside is capped around 756 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 @ 700 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 @ 774

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 774 on upside and 700 on downside.