LUPIN LTDAggiornato Hourly chart indicates weakness in Lupin
Hourly chart of lupin indicates weakness. My observation is as below
1. Its completed ABCD pattern on Daily chart after that facing resistance Fibo of 2.618 (853 price levle) . ABCD completion reflect on hourly chart
2. Rounding top is formed and double top formation on upper side also taking support in range of 790 to 800 and this will act as stop loss for long trade
3. On down side it may came to 730 to fill GAP is created between 745 to 732
4. RSI on hourly chart making new lows but price is not making new lows
Note: Close abvoe 860 will send it another bull phase which will take it 950 to 1048.
1. Its completed ABCD pattern on Daily chart after that facing resistance Fibo of 2.618 (853 price levle) . ABCD completion reflect on hourly chart
2. Rounding top is formed and double top formation on upper side also taking support in range of 790 to 800 and this will act as stop loss for long trade
3. On down side it may came to 730 to fill GAP is created between 745 to 732
4. RSI on hourly chart making new lows but price is not making new lows
Note: Close abvoe 860 will send it another bull phase which will take it 950 to 1048.
Trade chiuso: obiettivo raggiunto
it followed my note
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.