LUPIN - 11 Year ATH level BO - Continuation possible?

31 Ağu 2024

Price Analysis & Overview:

1. Multiyear level BO.
2. Expecting some price to time consolidation before further move.
3. Trend is no doubt is super strong.
4. But price moving without retracement makes it risky to sustain the move.
5. I will wait for a better price to enter or a consolidation.
6. RRR is not very favourable at CMP.

Monthly TF view:



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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

22 Oca

İşlem aktif

➡️ RRR is favorable.
➡️ Sector is strong.
➡️ Price is showing strength.
➡️ Considering current market situations it is important to not panic or fear rather have patience and stay alert for opportunities in the market.
➡️ Personally, I believe in following principles/rules more rigidly during these tough times.
➡️ Exit the weak stocks and keep finding strong ones, that way whenever there is support from the overall market these will be the ones that will get the fast momentum.