EquityPandit’s Outlook for Lupin for the week (June 22, 2020 – June 26, 2020)

LUPIN:

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

Stock closed the week on positive note gaining +0.28%

Week High: 956.00

Week Low: 912.30

Week Range: 43.70 Points

Lupin Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 828 levels, Minor resistance on the upside is capped around 936 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 @ 787 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 @ 976

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 980 on upside and 780 on downside.

WEEKLY PIVOT LEVELS: