LUPIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here's a detailed technical analysis of Lupin Ltd. based on current indicators and chart patterns

📊 Trend Overview

Current Trend: Neutral to mildly bullish

Phase: Consolidation with bullish undertones

Dow Theory: Supports mildly bullish weekly and monthly outlook

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📈 Chart Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,964

200 DMA: ₹1,973

Current Price: ₹2,047 (above both DMAs)

Indicates short-term strength and potential continuation of uptrend.

However, the narrow gap between 50 and 200 DMA suggests consolidation.

🔹 RSI (Relative Strength Index)

RSI: 65.0

Near overbought zone (>70), but still in bullish territory.

Suggests momentum is positive but nearing exhaustion.

🔹 MACD (Moving Average Convergence Divergence)

MACD: 27.8

Weekly MACD is mildly bullish, indicating upward momentum.

Monthly MACD shows mild bearishness, suggesting caution for longer-term positions

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🔹 Bollinger Bands

Bands are expanding, indicating increased volatility.

Price is near the upper band, which may signal short-term resistance or overextension

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🔹 Volume Trends

Current Volume: 4.79 lakh

1-Week Avg Volume: 7.96 lakh

Volume is below average, indicating weakening participation.

May suggest a pause or pullback before next move.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,964 50 DMA, strong near-term support

Support 2 1,900 Psychological and previous consolidation zone

Resistance 1 2,100 Minor resistance, recent price rejection

Resistance 2 2,200 Strong resistance, previous swing high

Resistance 3 2,403 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,950–₹1,980 (near DMA support)

Exit Zone / Profit Booking: ₹2,200–₹2,400 (resistance cluster)

🔍 Momentum Signals

Short-Term: Bullish momentum with caution due to low volume and RSI nearing overbought

Medium-Term: Consolidation likely unless volume picks up and price breaks ₹2,200

🧭 Conclusion

Lupin is currently in a consolidation phase with a mild bullish bias. Technical indicators suggest strength above ₹1,964, but resistance near ₹2,200–₹2,403 could cap upside unless volume improves. Ideal strategy: accumulate near support zones and book profits near resistance.

Sources

1

MarketsMojo,

2

Investing.com India

Would you like a visual chart or a backtest of this strategy?

1

www.marketsmojo.com

2

in.investing.com

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