Lupin has support at 1400 - 1425 levels in weekly chart. It has formed a double bottom too. Price is consolidating inside the trendline. Price have to move up and break the downward trend line to prove its bullishness. Also price action is forming a rounding bottom in weekly chart. Now lets see the daily chart. Pattern is same as weekly chart.
Keep it in watch list. I will update the target once the price breaks and closes above the downwards trendline.
Yorum:
Still sideways!