EquityPandit’s Outlook for Lupin for the week  (Sep 17, 2018 – Sep 21, 2018) : 

LUPIN:

Lupin closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the stock lies in the zone of 970 to 980 where high for the month of January-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1020 to 1030. During the week the stock manages to hit a high of 986 and close the week around the levels of 969.

Minor support for the stock lies in the zone of 935 to 945. Support for the stock lies in the zone of 900 to 910 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 870 to 880 where short term moving averages and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 980 to 990 where high for the month of January-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1020 to 1030.

Broad range for the stock in coming week can be seen from 920 – 930 on lower side & 1000 – 1010 on upper side.