This hourly chart is clearly depicting the sentiments of the Broader Market Nifty Pharma. The Broader market is clearly on the verge of another breakout helping Lupin to gain that thrust. The support at the bottom is holding the stock whereas the volume is clearly helping the stock to rise further. It will be a great trade for short-term traders to ride till that resistance, but for Investors or positional traders, they do wait for that breakout of the resistance.
The Head and Shoulder pattern is also confirming the stock to go for a Bull Rally.
The Head and Shoulder pattern is also confirming the stock to go for a Bull Rally.