2 Feb 2021 ● 04:59 AM
All pharma stocks have different wave counts. Lupin is making higher highs and lows medium term. Even after it broke the 20dma, the 61.8% retracement is at 965. The low of 978 made yesterday could be wave II of III as it overlapped with the December high which was a leading diagonal. So the deeper correction does not change the medium-term trend here. III=I from yesterday's low measures to 1251.