EquityPandit’s Outlook for Lupin for the week  (Sep 03, 2018 – Sep 07, 2018) : 

LUPIN:

Lupin closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that minor support for the stock lies in the zone of 880 to 890. Support for the stock lies in the zone of 850 to 860 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 810 to 820 where break out levels and medium & long term moving averages are lying. During the week the stock manages to hit a low of 880 and close the week around the levels of 931.

Minor support for the stock lies in the zone of 900 to 910. Support for the stock lies in the zone of 870 to 880 where short term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 810 to 820 where break out levels and medium & long term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 where high for the month of July-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 970 to 980 where high for the month of January-2018 is lying.

Broad range for the stock in coming week can be seen from 880 – 890 on lower side & 960 – 970 on upper side.