Is Lupin Preparing for a Medium-Term Trend Reversal Rally?
A breakout above the rectangle pattern resistance at ₹2038 has triggered a technical buy signal. In addition, moving averages have now shifted into a positive alignment, suggesting improving upward momentum. While the rise may initially appear gradual, early breakouts from long-term downtrends often behave this way before acceleration phases develop.
🔹 Moving averages now showing bullish bias
🔹 RSI trend rising ― early reversal confirmation
With no major resistance visible on the chart ahead, the path remains open for a gradual upward trajectory towards higher price zones. Current support sits near ₹2000, meaning any corrective dips toward this level may find buyers stepping back in.
Traders often align such stock breakouts with index market confidence, and some prefer pairing this setup with a Nifty Tip to optimise entry timing.
| Metric | Signal |
| Trend Structure | Reversal Attempt Underway |
| Support Zone | ₹2000 |
| Breakout Level | ₹2038 |
| Technical Bias | Positive |
A confirmed trend reversal often accelerates after consolidation above the breakout zone. Sustained trade above ₹2038 keeps the bullish case valid.
|
Strengths 🔹 Breakout confirmation above major resistance 🔹 RSI momentum turning positive |
Weaknesses 🔹 Previous bearish trend still unwinding 🔹 Momentum building slowly |
|
Opportunities 🔹 No major overhead resistance visible 🔹 Sentiment may shift toward pharma defensives |
Threats 🔻 Breakdown below ₹2000 weakens reversal setup 🔻 Broader market volatility may delay momentum |
If Lupin sustains price action above the breakout zone, the next stages of the reversal cycle may unfold into a medium-term move with potentially stronger upside.
Investor Takeaway:
Derivative Pro & Nifty Expert Gulshan Khera, CFP®, observes that such reversal formations work best when paired with disciplined stop-loss adherence and staggered position scaling. More insights continue daily at Indian-Share-Tips.com.
Related Queries on Lupin and Pharma Stocks
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– Is ₹2000 a strong support for Lupin?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
