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Wednesday, 5 July 2017

My Portfolio: Stock 10: Bought LUPIN on Technical Basis

Hi, Bought LUPIN 5 shares @ 1084 on Technical Breakout , So total value approx 5000 rupees or 5K

LUPIN 5 Shares@1084 with Stop Loss of  1035 on close basis for the Target of 1180-1185

Risk Reward ratio : 1:2 and more


Reasons for Trade: 

1. Bounce from 52Wk low and bullish bar
2. Close above last 10 sessions
3. Close above RSI 30 from below, a bullish sign
4. Bullish bar with Huge Volume

So on final note:

LUPIN 5 Shares@1084 with Stop Loss of  1035 on close basis for the Target of 1180-1185

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