In my last Euro post I displayed a 23 year chart and justified my 2016 Projected Upslope.
Today I zoom in on the current spike. I draw a speculative Resistance Line parrallel to the Current Support Line. If the graph repeats the pattern of December's spike, there may be a gradual rather than a sudden drop back to, and no further than, the Current Support Line.
Shares of Lupin surged 10% to Rs1803 on NSE post Q3FY2016 results which came better than expectations.
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