Technical view by Nooresh

Lupin – A breakout on cards to take it to 600 if closes above 551.




Disclosure- Have just initiated a buy at 550 odd levels with a small stoploss of 540.

May review the stock on how it closes today and tomorrow.

Article by Nooresh Merani

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{ 2 comments… add one }
  • Venkat June 12, 2012, 14:29

    Hi Nooresh,
    Unfortunately Lupin has broken down below and now quoting at 511. Would the levels of 490-495 hold good and reverse up from there? Your views please.

    • Nooresh June 12, 2012, 23:25

      Yes the supports are now placed at 490-495. Defensives getting out of favor. Got a bad hit here.


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