Lupin - A failed Rounding bottom Breakout - Trapped Investor

is showing a failed breakout setup on the daily chart after briefly moving above the important ₹2,420 resistance zone but failing to sustain the breakout. The stock extended its move toward ₹2,500–2,520 before facing sharp profit booking, and the subsequent decline back below ₹2,420 has weakened the bullish structure. This rejection indicates that the previous resistance has once again acted as a strong supply zone, with breakout buyers now facing pressure. The immediate support is around ₹2,180–2,200, while a sustained break below this zone could extend the correction toward ₹2,100 and ₹2,025. On the upside, ₹2,420 is now the key level to reclaim; only a decisive close above this resistance, preferably with strong follow-through, would restore the breakout setup and reopen the path toward ₹2,500 and higher levels. Until then, the failed breakout warrants caution, as momentum has shifted from bullish to corrective after the rejection from the ₹2,500 zone.