Saturday, March 19, 2016

Lupin daily 19-03-2016 Elliott Wave

Lupin after the sharp down move of over 320 point in last few days, is it going down further?

One possibility is that Lupin has completed a FLAT correction which has started from 8th of April 2015 @ 2115 is ending at the low of 1535. Or some more down move is pending which may take it further to 1490 region which acted as resistance during the 2014 December move or 1300.

Lupin daily chart is below:

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