This analysis is only for educational purposes, Invest at your own risk!
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- LUPIN closed at 841.80 on Friday with a decrease in its price and very low volume .
- The Pitchfork drawn shows a downtrend with the stock price approaching its resistance line.
- Since the gap between the stock and its 52 week high is pretty close therefore a stop loss should definitely be placed just around 855 INR.
- The stock may prove to be profitable is shorted at price range 841-836 INR and bought back at around 825-835 INR.
- A down trend in both the volume and 20 period RSI can be seen.
ALL THE BEST TO EVERYONE !
Cheers!