LUPIN has closed at 1003.30. The
overall trend is up and continuing. It is near all time high and trading in the
highest band of price. The pattern breakout and RSI indicator suggests a breakout
in LUPIN. One can definitely
go long in this stock for the targets of a higher
highs and a new high. Though it is advisable to ride the rally with trailing
Stop Loss, one can expect the targets like 1023 and 1040. A Stop Loss must be
maintained at 980 on a closing basis.
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