Published March 29, 2019
Lupin Limited (LUPIN.NS) Close: 724.85
Lupin Limited has broken down through the falling trend channel in the medium term, which indicates an even stronger falling rate. In February the stock gave a sell signal from a rectangle and a head and shoulders formation. It also broke down through major support levels and is now at its lowest since 2013. Further downside is anticipated. The target from the formations is around 682 rupees but the stock may fall further. There is resistance between 735 and 763.
Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the stock. The stock is overall assessed as technically negative for the medium term.
Recommendation one to six months: Negative
Hero MotoCorp Limited is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the stock, and indicates negative development for the company. The stock has resistance at rupee 2700.
Short term volume balance is negative and the RSI curve shows a falling trend, which supports the negative trend. The stock is overall assessed as technically negative for the medium long term.
Recommendation one to six months: Negative
The analyses are based on closing price as per March 28, 2019. Maintaining proper stop loss is always recommended.
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Investeringsanbefalinge(r)n(e) er udarbejdet af Investtech.com AS ("Investtech"). Investtech garanterer ikke for fuldstændigheden eller rigtigheden af analysen. Eventuel eksponering i forhold til de råd / signaler, som fremkommer i analyserne, står helt og holdent for investors regning og risiko. Investtech er hverken direkte eller indirekte ansvarlig for tab, der opstår som følge af brug af Investtechs analyser. Oplysninger om eventuelle interessekonflikter vil altid fremgå af investeringsanbefalingen. Yderligere information om Investtechs analyser findes på infosiden.