LUPIN - Consolidation and Breakout, High RR swing trade

Hi traders,

Lupin has given a good opportunity after staying in a tight range for good amount of time. Now, as we can see that Lupin has given a re-test and the previous resistance has become a support.

I have already initiated the position at 1175 with a stop loss below the support i.e 1167.
1st target: 1205
2nd target: 1220
The Reward-Risk is 5:1 (Considering the first target)

This seems to be a high probable trade because there is a gap which is supposed to be filled. Also, the pharma sector is strong.

Feel free to comment your queries. I would love to respond to them.

Thank you,
Keshaw H. Agarwalla

Happy trading :)