💊 Lupin Ltd – Symmetrical Triangle Breakout Setup

1️⃣ Pattern Structure The stock has been consolidating in a symmetrical triangle for nearly 12 months (since Oct 2024). Price has formed higher lows and lower highs, compressing volatility between ₹1,850 and ₹2,100. It’s now trading near the breakout zone — the apex area — indicating a possible major directional move ahead. 🎯 Target Zone: ₹2,550–₹2,650 📉 Stoploss: Weekly close below ₹1,850 3️⃣ Technical Confirmation Price sustaining above 50WEMA and rising 100WEMA. Volume contraction visible inside the triangle → accumulation phase. RSI hovering near 55–60, ready for expansion once breakout happens. Pharma sector showing relative strength recently — provides tailwind. Commentary Lupin is forming a bullish continuation triangle after a strong rally from ₹1,100 to ₹2,200. This consolidation looks like a midway pause, and a breakout above ₹2,100 could initiate the next leg toward ₹2,600. Given the strong fundamentals and sector tailwinds, Lupin looks poised for a 30–35% move once the breakout confirms.