EquityPandit’s Outlook for Lupin for the week  (Nov 06, 2017 – Nov 10, 2017) :

LUPIN:

Lupin closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1025 to 1035 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 1070 to 1080 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1090 and close the week around the levels of 1048.

Minor support for the stock lies in the zone of 1030 to 1035. Support for the stock lies in the zone of 1000 to 1010 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 950 to 960 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1070 to 1080 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1100 to 1110 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 990 – 1000 on lower side & 1100 – 1110 on upper side.