LUPIN is one of the fundamentally good pharma company who is facing sectoral downtrend. Pharma is facing issues due to pricing cap and changes in US medicare programmes. It is one of the pharma company which has huge revenue from US and any changes in US medical regulations will have huge impact. There is a big regulation change pending for president signature which will have a huge impact.
The downtrend is still not yet over. So this is only for long term say 3 years investment idea.
Entry - accumulate between 925 to 1000 for T1 1200. If 1200 is broken with conviction one can wait for target of 1400 and 1500 in 2 to 3 years.
Given the ferocity of the downtrend one need ultra patience to be in this trade for longterm.
Breaking 925 will be downside price action and trade is invalid below 925.
The downtrend is still not yet over. So this is only for long term say 3 years investment idea.
Entry - accumulate between 925 to 1000 for T1 1200. If 1200 is broken with conviction one can wait for target of 1400 and 1500 in 2 to 3 years.
Given the ferocity of the downtrend one need ultra patience to be in this trade for longterm.
Breaking 925 will be downside price action and trade is invalid below 925.
Operación cerrada: precio stop alcanzado