EquityPandit’s Outlook for Lupin for the week  (Nov 27, 2017 – Dec 01, 2017) :

LUPIN:

Lupin closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 855 to 860 where Fibonacci 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. During the week the stock manages to hit a high of 850 and close the week around the levels of 829.

The stock is in strong downtrend and no support is holding. Support for the stock lies in the zone of 810 to 820 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 700 to 750.

Resistance for the stock lies in the zone of 855 to 860 where Fibonacci 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 & 870 – 880 on upper side.