LUPIN ASCENDING TRIANGLE LONG BREAKOUT

Lupin forms an Ascending Triangle Pattern on Weekly Chart and has also given a long breakout with high volume.

RSI is 67 which shows the strength is good.

One can buy at CMP and add more at dips nearby 1170.

Height of Triangle = 1100 - 850 = 250, so Target1 = 1100 + 250 = 1350~1360 & Target 2 = 1500.

Maintain SL as most recent swing low in the ascending triangle = 970~975.

Note: Only for educational purpose.