After a monstrous rally from 727 to 945 levels, Lupin
LUPIN
has swiftly completed a retracement to 807 levels within a few days.
I can see that the stock has taken a support at 61.8% retracement of previous rally and it has also taken the trendline support.
Looks like it is all set to begin next phase of rally after retracement.
Good opportunity to go long here with a stop loss of 805.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
LUPIN
has swiftly completed a retracement to 807 levels within a few days. I can see that the stock has taken a support at 61.8% retracement of previous rally and it has also taken the trendline support.
Looks like it is all set to begin next phase of rally after retracement.
Good opportunity to go long here with a stop loss of 805.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.