Price action is reached at the levels where sharp up move was observed. This zone is Potential reversal zone where we can see very high demand as Lupin is fundamentally strong stock..
Weekly RSI is also in oversold region... It is recommended to open long position as this is potentially low risk and high reward trade....
Weekly RSI is also in oversold region... It is recommended to open long position as this is potentially low risk and high reward trade....
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www.thehindu.com/bus.../article19148924.ece
RIP.....
We will have to look in to the management structure... If he was actively involved in management decision, then definitely it's bearish for lupin. Otherwise it is less likely to have any impact. Secondly if he was actively involved in decisions, then who will be his successor?. Fight for successor (if it happens) will heart stock badly. So till things are cleared, please don't create longs in Lupin.
RIP.....
We will have to look in to the management structure... If he was actively involved in management decision, then definitely it's bearish for lupin. Otherwise it is less likely to have any impact. Secondly if he was actively involved in decisions, then who will be his successor?. Fight for successor (if it happens) will heart stock badly. So till things are cleared, please don't create longs in Lupin.
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LUPIN has rallied nicely.. given nice rally in last 2 weeks which may extend further....